There are so many ‘what ifs in life aren’t there? Let’s look at Inflation through the “what if” looking glass.
What if you, as a Condo owner, could predict maintenance cost inflation, or Strata Fees inflation, or utility cost inflation, or Insurance, or, or, or…. The list could, and in fact does, go on and on.
The really scary thing is when inflation catches you by surprise. We’re not all financial wizards who watch the markets or read the latest “highest inflation rate since…” headlines. And the really, really scary thing is when you realize that the current inflation rate is percentage points above what was anticipated, which then translates into a bump directly to the bank account. YOUR Bank account.
Canadian Strata Fund Track Solutions has developed financial modeling tools that correlate directly to the needs of your Strata managed home. They model annual costs, with “what if” scenarios capable of demonstrating the impact of changing Inflation rates and Interest rates to Contingency Reserve Fund contributions, and every line item in your Operating Budget.
As an owner of a Strata managed home, this information is invaluable for buying or selling. As a Strata Manager, the nightmare and complexity of your annual budgeting process will become a thing of the past. As a Council, you can have the assurance that such modeling is available literally at the click of a button.
Once the Predictive Analysis has been finalized as YOU like it, you’ll have a solid financial plan in place that can be adjusted if necessary, and WE will follow up with you regularly to help keep that plan on track.
