by Genispec | Dec 22, 2025 | News
Key takeaways Hidden defects in recent buildings mainly result from fast-paced execution, insufficient quality control, and fragmented construction teams. These concealed issues directly threaten the value of condominiums and create unexpected funding needs. A...
by Genispec | Nov 20, 2025 | News
Key Takeaways The long-used rule of contributing 5% of the annual operating budget to the reserve fund no longer reflects current conditions. It doesn’t consider inflation, unexpected repairs, or the real state of building components. The result often includes special...
by Genispec | Oct 21, 2025 | News
Key Takeaways Banks and insurance companies now require detailed engineer reports, not just visual inspections. They expect: a clear assessment of the building’s condition, a structural diagnosis signed by an engineer, and a 10 to 25 year budget forecast. Reasons:...
by Genispec | Sep 30, 2025 | News
Key Takeaways Bulges, cracks, or bricks that detach are serious warning signs, not just aesthetic flaws. These issues can indicate structural risks or advanced deterioration. In Quebec, Bill 122 requires an inspection every 5 years for buildings with 5 or more...
by Genispec | Aug 6, 2025 | News
It’s official. As of July 30, 2025, the Quebec government confirmed the effective date for Bill 16. Starting August 14, 2025, all divided co-ownerships (condos) in the province must comply with new legal standards under Decree 991-2025. “This regulation comes into...
