Apéro-Condo Sherbrooke : Condo Fees: Pay Less Today… But at What Cost Tomorrow? Managing Costs and Preserving Property Value!

Reducing condo fees may seem beneficial in the short term.

But what are the long-term consequences of an overly tight budget on building maintenance, the syndicate’s financial health, and property values?

With rising operating costs, mandatory contributions to the contingency fund, and the need to plan for future maintenance and repairs, co-ownership syndicates must strike a balance between controlling expenses and preserving the long-term value of their properties.

How can we prevent today’s savings from turning into substantial special assessments tomorrow? Which expenses can be optimized without compromising maintenance quality? And how can syndicates establish realistic budgets that meet both current and future needs?

At this Apéro-Condo in Estrie, the RGCQ invites you to a conference followed by a networking reception to better understand the financial challenges of co-ownership and explore practical approaches to managing costs while protecting the value of your property.

Topics to be covered include:

Understanding condo fees: Distinguishing between operating expenses, contingency fund contributions, and exceptional expenses.

The risks of an insufficient budget: Understanding the consequences of deferred maintenance and inadequate financial planning.

Optimizing expenses: Identifying cost-saving opportunities without compromising service quality or building maintenance.

Anticipating major repairs and special assessments: Better planning the investments required to maintain and preserve the building.

Preserving property value: Understanding the relationship between sound financial management, building condition, and unit values.

This event is intended for co-owners, syndicate board members, property managers, and co-ownership professionals who wish to better understand budgetary challenges and adopt sustainable management practices.

The conference will be followed by a networking cocktail reception, offering an excellent opportunity to connect with speakers and fellow participants in a friendly and welcoming atmosphere.

Panelists:

Me Alexandre Dumas, Lawyer at Dunton Rainville and President of the RGCQ Estrie Chapter

Hugues Ouellette, Director of Financial and Technical Management, Proximmo

Francine Poirier, Real Estate Broker, RE/MAX

Schedule:

5:00 p.m. to 8:00 p.m.

Location:

Club de Golf Sherbrooke, 1000 Rue Musset, Sherbrooke, QC J1J 3X4 

Registration

You can now register for our activities by completing your payment online.

If you require an alternative payment method, please contact us at evenements@rgcq.org.

Please note that a $5 processing fee will be added to your invoice for registrations completed manually.

Cancellation Policy

You may cancel your registration up to 48 hours before the event to receive a full refund.

After this deadline, no cancellations, credits, or refunds can be issued.

📞 Need assistance with your registration or have questions about our activities? Contact us at evenements@rgcq.org or call 514-916-7427 ext. 102.