FirstService Residential report flags rising reserve contributions as key high-rise budget driver in 2026

• FirstService released its 2026 BENCHMARK High-Rise report, analyzing operating costs and budget trends across nearly 1,500 high-rise buildings in 22 markets.
• Reserve funding emerged as the dominant budget driver, reflecting updated reserve studies, aging infrastructure, higher construction costs, larger board contributions.
• Insurance conditions improved in several markets; some South Florida towers saw significant premium reductions, with savings redirected to reserves, deferred maintenance, staffing.
• The report frames budget pressure as broad-based, spanning core building systems and services, with market-level expense benchmarks across the U.S. and Canada.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FirstService Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608051620PR_NEWS_USPR_____NY20125) on August 05, 2026, and is solely responsible for the information contained therein.