The strata coffers are mostly empty at Koret Lofts in Gastown after the council used its reserve funds to try to lessen the blow of a more than 300 per cent hike to the insurance rate and soaring deductible fees that condo owners have faced since 2019. “This has devastated our finances, to the point that our contingency has been completely drained two years in a row,” said John McEwen, strata council president. “It’s truly unsustainable.” Read the entire article……………………………….
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