Money set aside by a condo corporation or property owner for future major repairs and capital expenditures like roof replacement, building envelope repairs, or mechanical system upgrades. A well-funded reserve indicates responsible financial management and reduces the risk of special assessments.
Related Articles
- 10 Common Home Repairs Every Property Owner Must Know
Handle the most common home repairs before they get costly. Water leaks, electrical, HVAC and plumbing fixes Canadian property owners face.
- How to Invest in Real Estate When You're Too Busy
Build a rental property portfolio without burnout. How busy professionals use property managers, specialized brokers, and passive strategies to invest in.
- Office Building Financing Canada: Loans, Rates & NNN Leases
Office building financing Canada: tenant analysis, NNN leases, CMHC mixed-use, conventional rates, and 2026 lender criteria for commercial investors.
- Recession-Proof Your Rental Portfolio: 4 Key Steps
Protect rental investments from rate hikes and vacancies. Extend amortizations, build cash reserves, diversify tenants, lock fixed rates to save cash flow.
← Mortgage & Real Estate Glossary 2026 · Editorial standards