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Best Practices for Capital Spending
Capital spending refers to investments in major repairs and replacements. Typically, a capital expenditure is an expense of $2,000 or more for a building or landscaping project. It does not include maintenance-related repairs or replacements or any items that are normally described as operating
Caring for Your Buildings
Housing co-operatives have just one valuable asset: their property. So it makes sense to take care of it.
A well-kept housing co‑operative has prouder, happier members who love their homes. It’s a place where other people want to live. And one that will serve generations to come, far into the
Stay in Good Shape
A residential building requires constant maintenance. Blame it on entropy.
There are caretaking tasks to be done daily or every few days, such as clearing snow, polishing the glass at the entrance, cutting the grass and cleaning the halls, elevators and laundry room.
Routine maintenance should
Plan for the Future
Good planning is the secret behind a building that doesn’t look its age. Without a plan, your co-op can’t know how much you’ll need to save for major repairs. Until you know this, you don’t know what your housing charges should be.
Your plan begins with a recent building condition assessment that
Revolutionizing Affordable Housing: CMHC’s New Affordable Rental Innovation Fund
The goal of the Affordable Rental Innovation Fund is to encourage new funding models and innovative building techniques in the rental housing sector. Canada Mortgage and Housing Corporation (CMHC) is looking for unique ideas that will revolutionize the sector moving forward. In the process, the
Ontario Electricity Support Program
The Agency has learned about several Ontario programs that can help co-ops and their members save energy—and money. While your co-op will need to invest some money in order to benefit in some initiatives, these measures offer long-term value. If this idea interests your co-op, you may wish to check
Ontario Social Infrastructure Fund
The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development, and the Honourable Chris Ballard, Ontario’s Minister of Housing recently announced measures that will provide Canadians with greater access to more affordable housing, support affordable housing for seniors, help
SAVE ON ENERGY for Co-op Housing
This program is delivered through participating local electrical utilities. It involves energy-efficient incentives for co-ops with buildings of six or more separate units.
Options include support for:
- Energy audits
- Equipment upgrades
- Improvement of the building envelope
- Training to help
Q&A on Undertaking Capital Projects
Tip of the Month
Risk Trend
92% of Agency clients have a Strengthening or Stable risk trend. Proof of many good decisions.