“Heading for a Disaster”: Condos Underfunded for Multimillion-Dollar Repairs (ON)

It’s not a “What if?” scenario — it’s already happening. And condo owners need to know big building costs are coming.  There are two problems here, says Lyndsey McNally, Vice President at the Canadian Condominium Institute. One: There’s a very good chance your condominium corporation doesn’t have enough in its reserve fund to pay for critical repairs as the building ages.   Read the article………………………..

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