New CAO Report on Reserve Funds in Ontario!

The CAO is pleased to announce the official launch of our Report on Reserve Fund Survey Findings today!

Last year, CAO issued two surveys to gain a better understanding of the state of reserve funds in Ontario – one to condo corporations and one to condo owners.

We received responses from over 700 condo corporations and nearly 6,000 owners. The CAO would like to thank all the participants who responded to the surveys and provided helpful feedback through advisory panels and pilot groups. All your efforts have been instrumental in gaining insights for this report and identifying next steps for supporting Ontario’s condo communities.

This report reveals initial key insights into the state of reserve funds among respondent condos from across the province and highlights trends in inflation, reserve fund contributions and owner awareness that will be used to guide future supports and further data collection efforts. 

This is a first step for CAO and a first for Ontario. While this initial report represents a first step in our ongoing research, these preliminary findings can also add to the ongoing important discussion about reserve funds across many jurisdictions all over the world. 

The report’s findings confirm the need for robust reserve fund planning and one of our first steps following this report was updates to the CAO Guide on Condo Reserve Funds which is also launching today.