Reserve fund minimums vary according to each condo corporation

Q. Is there a specific amount of money required by all condo corporations to be in the reserve fund account? I don’t want to buy a condo that is financially stressed because of an inadequate reserve fund. How do I know what amount is sufficient? This is my first condo so I do not want any unpleasant surprises like huge special assessments.    Read the Q&A………….


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