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The Effects of Inflation on Your Reserve Funds

Jeffrey Stevens, Jordan Swail
Publication date:
July 21, 2022
Article Summary: 

The article highlights the impact of inflation on condominium budgets and reserve funds in Canada. It discusses the significant cost increases in residential construction prices, which can put financial strain on condominiums. To mitigate the effects of construction inflation, the article suggests undertaking updated engineering studies, seeking practical solutions for material substitution, making contractors' work easier to reduce labor or overhead costs, awarding work promptly after pricing is received, and being flexible in response to price fluctuations. The article emphasizes the importance of planning and cooperation to reduce risks associated with inflation.


Inflation, Reserve Funds, Condominium Budgets, Residential Construction Prices, Capital Repair Project, Material Substitution, Cost Reduction, Contractors, Pricing, Risk Reduction, Planning, Canada.

Source Citation: 
Jeffrey Stevens, Jordan Swail
The Effects of Inflation on Your Reserve Funds
July 21, 2022
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