The Condominium Act requires that all condominium corporations in Ontario (regardless of type of occupancy, residential or commercial) maintain one or more reserve funds and obtain a reserve fund study every three years. The condominium corporation’s reserve fund is used to pay for the major repair and replacement of Common Elements and Assets of the condominium corporation.

The Act defines how the studies are to be completed, how the reserve funds are to be used, how funds can be invested, and it states that the contribution plan adopted by the board must be followed until the study is updated.

This course teaches the basics of reserve funds and reserve fund studies.

When: Wednesday March 19, 2025
Time: 6:30pm-8:00pm
Where: Zoom Webinar
Cost: $40.00 members/$80.00 non-members

Meet the Speakers

David Heska, P.Eng., LCCI, Regional Director for the Building Sciences team at WSP

David has presented at Condominium Conferences, The Buildings Show and at the International Concrete Repair Convention. He has also contributed as an author to the Glass Canada magazine and CCI condominium magazines and blogs. David has worked on numerous reserve fund studies over the past 17 years and enjoys working with Property Managers and Directors.

Michael Clifton, LCCI, ACCI (Law)

Michael has been a leading lawyer for condominium developers, owners, boards, and managers for over 22 years. He is a past chapter and national CCI executive, has taught numerous courses for CCI, ACMO, and other organizations, and published a variety of print and online materials relating to condominium law. Since 2017, Michael has also been a member and vice-chair of the Condominium Authority Tribunal while continuing his legal practice.

Directors Course #105 - Reserve Fund Fundamentals

Directors Course #105 - Reserve Fund Fundamentals

Event Info

Hosted By:

CCI Grand River Chapter

CCI Grand River Chapter

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