You don’t need to be an accountant to read this chart. The red line (operating fund) is falling like a brick. The blue line (reserve fund) just took a massive hit. If the same patterns continue, here’s where we land:
2026 Forecast
- Operating Fund: Somewhere between –$90K and –$135K in the hole, depending on whether the decline follows the two-year average or the steeper most recent drop.
- Reserve Fund: Between $1.16M and $1.38M – down from $3.56M just two years earlier.
2027 Forecast
- Operating Fund: Between –$112K and –$200K. That’s not a deficit – that’s insolvency territory.
- Reserve Fund: Between $940K and $960K. That’s a 73% depletion from the 2024 high.
The Red Flags
- Operating is sinking fast. Every year it’s losing more money than the last.
- Reserves are being drained to keep the ship afloat – but they can’t cover the operating hole forever.
- This isn’t cyclical. It’s a pattern. And unless the trajectory changes, the corporation is marching toward special assessments, loan financing, or both.
Translation: If this were a business, the bank would already be asking hard questions. But here, the “bank” is us – the owners. And the bill always comes due.
How to Read This Graph
- Red Line = Operating Fund (day-to-day money)
- Starts above zero in 2023 (surplus).
- Crosses below zero in 2024 (small deficit).
- Drops sharply in 2025 (big deficit).
- Dashed red line shows the forecast – if nothing changes, the red keeps going down, meaning more and more debt every year.
- Blue Line = Reserve Fund (savings for big repairs)
- Stays high in 2023 and 2024 (healthy savings).
- Falls hard in 2025 (big spend or transfer).
- Dashed blue line shows the forecast – savings keep shrinking until they’re less than a third of what they were in 2024.
Zero line (black) = Break-even point.
- Above it means surplus.
- Below it means deficit.
Right now, red is way below zero and blue is heading there fast.
Disclaimer:
The financial figures in this post are taken directly from the official records of WNCC No. 37, obtained under the rights granted to owners by Section 55 of the Ontario Condominium Act, 1998. These figures are presented exactly as recorded in the corporation’s financial statements and balance sheets. No personal owner information has been included. Analysis and commentary are the author’s, based solely on the publicly accessible corporate financial data.
