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Level 200 – Capital/Reserve Funding Shortfalls

February 23, 2022 @ 6:30 pm - 8:00 pm

Individuals, corporations, and businesses borrow money to spread out large capital costs – whether mortgages, student loans, car loans, business loans or operating lines of credit. While people often borrow money because they need to, it can also be advantageous and part of a long-term financial planning strategy to borrow. Those working and living in condominiums know that maintaining a condominium home/building can be costly and often includes large capital costs. Condominium corporations can finance the cost of major projects over time to spread out those costs and lower the immediate financial impact on unit owners.  

When a condominium turns to borrowing, it does so for two main reasons: it wants to, or it must. For most condominiums that borrow, the latter is true. A depleted reserve fund, compounded by overdue repairs and unit owners fatigued by special assessments, can lead a condominium to investigate a lender. Borrowing is not a bad thing! Borrowing may be a significant positive if a condominium has carefully weighed its options and measured risks and then proceeds cautiously and with the advice of its professionals such as lawyers, property managers, and financial advisors.   

This session will take you through the optimal path to how borrowing works and the long-term financial planning that is required to manage capital repairs and replacements. 

Our Speakers

Michelle Weigel

Michelle Weigel B.A., RCM

Michelle Weigel is the Owner and President of Weigel Property Management, a Property Management firm located in the Waterloo Region specializing in Condominiums. Michelle has been working in the Condominium and Rental Management field since 1993; she is a graduate of Brock University with a business and econ degree. 

Michelle has been actively involved with both the CCI GRC and CCI GHC as a presenter for the Level 100 Course as well as the Level 300 Financial Course. Michele strongly believes in the importance of CCI and the education provided to Condominium owners.

David Heska - WSP

David Heska, P.Eng.

David Heska, P.Eng. is the Southwestern Ontario Director with WSP’s building sciences team. He oversees the operation of the Kitchener, Hamilton and Windsor offices and is an active member of CCI. David has worked on numerous reserve fund studies as well as large garage repair, roof renewal and building restoration projects.


Stephanie Sutherland

Stephanie Sutherland, Lawyer

Stephanie is a condominium lawyer with Cohen Highley LLP, practicing in the areas of condominium management and litigation, condominium development, and residential and commercial real estate. Stephanie works with condominium corporations, property managers, and unit owners to help them address day-to-day condominium governance matters and resolve disputes.

An active member of the condominium community in Ontario, Stephanie is involved in the Canadian Condominium Institute (CCI) Golden Horseshoe, Grand River, and London chapters and sits on various CCI committees. She is a frequent speaker at CCI conferences and seminars and contributes articles to condominium publications, including Condo News.

       Ryan Griffiths

Ryan joined CWB Maxium Financial as director of condominium finance and brings over 15 years of extensive experience in commercial lending across multiple industries. Ryan works exclusively with condominium corporations, property managers and other stakeholders across Canada to develop and implement customized financing solutions. His experience spans various roles, including; sales, credit, operations, and problem loan management with GE Capital and CIT Group. Most recently, Ryan held a senior role as vice president of condominium finance at CIT Group. He is an active and engaged member of the condominium industry. He currently serves as a board member for the CCI Huronia chapter, chair of the Professional and Business Partners Committee for CCI Golden Horseshoe and a supportive member of ACMO, participating in tradeshows and industry events across Canada.

Registration is now closed. 

Thank you to our sponsors




February 23, 2022
6:30 pm - 8:00 pm
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