How climate change could affect maintenance fees

Summer 2016 was one of the hottest on record in the Greater Toronto Area, with experts predicting summer temperatures could soar to 44 degrees Celsius by 2050. In this rapidly changing climate, the city’s high-rise buildings are also feeling the heat, with the provincial government tightening up the Ontario Building Code to meet new global imperatives.  Increasingly erratic weather has a direct impact on Ontario’s residential building stock. Condo maintenance fees are based on predictable historic norms, stable benchmarks and logical predictions, so what happens when those predictions no longer fit the weather outside the window?    Read the article…………..