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ARTICLE · 23 JUNE 2025

Principles Of Condo Governance: Open To Change

Miller Thomson
Miller Thomson
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A spring rainfall is a good reminder that things change, and nothing is ultimately entirely predictable. This is true of life generally, and true of everything we are engaged in specifically, including the work...

CanadaReal Estate and Construction
Michael Clifton
Michael Clifton
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"The only constant in life is change" ~ Heraclitus (ca. 500 BC).

A spring rainfall is a good reminder that things change, and nothing is ultimately entirely predictable. This is true of life generally, and true of everything we are engaged in specifically, including the work of condominium boards. Therefore, one aspect of being the best board is being flexible, adaptable, and resilient.

The illusion of predictability

A lot of what condominium boards are called upon to do rests on the illusions of constancy and predictability:

  • Reserve Fund studies and plans seek to predict the timing and cost of major repairs and replacements of the common elements and assets up to 30 years into the future. Money is set aside based on those predictions.

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