Owning a condominium in Yukon comes with many benefits, but financial planning is key to ensuring its long-term stability. One of the most critical aspects of condo management is the reserve fund—a dedicated pool of money used for major repairs and replacements of common property.

Under the Condominium Act, 2015, Yukon condo corporations must establish and maintain reserve funds, but what happens if a condo’s reserve fund is underfunded or ignored entirely? Here are the major risks and consequences of failing to plan ahead.

With the Condominium Act, 2015 now in effect, condominium corporations in Yukon must comply with new reserve fund requirements. These changes ensure that condo communities set aside enough money for major repairs and replacements of shared property and infrastructure. However, different rules apply depending on whether the condominium was established before or after the legislation came into effect on October 1, 2022.

Coldwell Banker Redwood Realty has established itself as a premier real estate brokerage, offering expert guidance to buyers, sellers, and investors across the region. With a team of experienced professionals and a commitment to exceptional service, the firm plays a pivotal role in Whitehorse’s growing real estate market.

SPK Home Construction features open-concept living and dining areas, a modern kitchen with an island and pantry, and appliances with a 3-year warranty. The homes are designed with soft-close birch cabinets, birch vanities, and birch interior doors, adding warmth and durability. Other high-quality finishes include luxury vinyl plank (LVP) flooring, 9’ ceilings, and a durable metal roof. A large entry provides crawl space access, while an 8-foot deck spans the length of the home. For added convenience, homeowners can choose an attached or detached garage add-on.

The Copper Ridge West development in Whitehorse reached a major milestone as the first homeowners moved into their new home on Beryl Place. This marks the first market housing unit on First Nations-owned leasehold land, developed by Chu Níikwän Limited Partnership (CNLP). The project was completed efficiently, with full city approvals and high-quality infrastructure. Leasehold lots have been selling quickly, with strong confidence from financial institutions and real estate appraisers. CNLP anticipates 6 to 10 more occupancies by the end of 2025, with potential plans for Phase 2, introducing 75 more leasehold lots in the future.

Whitehorse’s housing market is set to grow with Copper Ridge West, a major residential development on Kwanlin Dün First Nation land. Led by Chu Níikwän Limited Partnership, the project will introduce over 150 new homes, addressing the city's housing demand.