Condo Smarts: Decision to invest funds is a majority vote of council (BC)

/ Owner - November 10, 2022

Q: Our strata corporation is currently holding 1.2 million in a special levy fund, $350,000 in our contingency, and we have $200,000 in our operating surplus. None of these funds are invested, and with increasing interest rates, owners are unhappy that we are leaving the funds dormant.  Read the Q&A……………………………….

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