As the long-term financial health of condominiums remains an ongoing concern across Ontario, the Condominium Authority of Ontario has released preliminary findings on the state of reserve funds and owners’ awareness. This follows the Auditor General’s 2020 value-for-money audit on condominium oversight, which found the majority of condos surveyed didn’t have adequate reserve funds to pay for future repairs and replacements. Read the article…………………………….
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June 23, 2022
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