Most condominiums have funds in their reserve accounts earning little to no interest.
For both condo boards and property management, it can be challenging to know what to do with the money you have or even when to invest it.
The investment decisions made today directly impact your financial future. Your future required annual contributions to the reserve fund depend on earning the amount of interest prescribed in your current reserve fund.
Review Your Existing Reserve Fund
Our Reserve Fund Health Check™ examines:
Upcoming scheduled projects.
Reserve fund cashflows for the next 3 years.
Interest and inflation rates used in your reserve fund calculations.
If you are earning the interest estimated in your reserve fund, and the impact if you don’t.
Review Investment Opportunities
We will review the GICs from your current broker and those from our roster of financial institutions to provide you with the highest rate of return.
We also offer a complimentary Energy & Infrastructure Audit to identify any potential cost saving projects that could be paid using reserve funds. Energy and water conservation and building system upgrades typically yield a 3x greater return than GICs.
Advise on the Best Combination of Investments
Our goal is to provide you with a plan to yield the highest potential return on investment to keep your reserve fund actively earning for you.
According to the Condominium Act, condos in Ontario can only invest in GICs, Bonds, or themselves.
While traditional GIC brokers only look at the portfolio of GICs available to them, we review the GICs from your current broker and those from our roster of financial institutions to provide you with the highest rate of return.
Greener Solutions is a member of the Registered Deposit Brokers Association
Registered Deposit Broker #29559
Let’s Work Together
Schedule your free financial consultation today!