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Condo Fees Double to Avoid Special Assessment

Toronto Condo News
Publication date:
December 25, 2019
Article Summary: 

This blog discusses a situation where a condo corporation doubled their condo fees to avoid a special assessment to cover the cost of necessary repairs. The blog emphasizes that this decision was made with the intention of ensuring the long-term financial stability of the corporation, and argues that it may have been the best course of action in the circumstances. The blog suggests that condo boards should be proactive about managing their finances and planning for future expenses.


condo fees, special assessment, condo corporation, financial stability, repairs, planning.

Source Citation: 
Toronto Condo News
Condo Fees Double to Avoid Special Assessment
December 25, 2019
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