Condominium Reserve Fund Investing

Program Overview

Will MacKay leads the team's condominium investment program, focusing an area of his practice on reserve fund investing for condominiums. In his practice, Will can draw upon personal and professional experience with condominiums to understand their current situation and investment needs. He is a current member of many Canadian Condominium Institute (CCI) chapters, The Association of Condominium Managers of Ontario (ACMO), and a member of various CCI committees. Will has spoken at many CCI events related to reserve fund investing and spoke at the Canadian Condominium Institute - Golden Horseshoe Chapter conference on condominium financial health, focusing on investing in the reserve fund.

With many more responsibilities being added to the Boards and Property Management Companies, lack of time is one of the most difficult areas to solve for. Many boards have the universal feeling of having too much to do but not enough time to deal with those demands. The goal of our investment process is to work as a partner with the board and its managers to relieve them of the burden of building and managing a comprehensive investment plan.

3 Key Areas to Focus on:

1. Principle protection of investments and adherence to the condominium act.

2. Liquidity of funds and how we can create liquidity to meet expenditure requirements.

3. Maximizing investment returns.

The MacKay Financial Group is currently partnered with hundreds of condominium corporations across multiple provinces. Together, we are building the most effective investment plan and adapting with the condominiums to ensure their financial goals are obtained.

Condominium Reserve Fund Investment Program

Useful Resources

Investing the Reserve Fund: How to Maximize Return and Minimize Risk by Will MacKay

Condominium Act - Ontario

Condominium Act - Alberta

Condominium Act - British Columbia

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