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Condos in Trouble

Michelle Kelly
Publication date:
May 14, 2019
Article Summary: 

This blog discusses common issues that can lead to financial trouble for condominium corporations in Ontario, Canada. The author explains that mismanagement of the corporation's finances, inadequate reserve funds, and unexpected expenses can all contribute to financial difficulties. The blog emphasizes the importance of proper financial planning and management for condominium corporations, including the development of a realistic budget, regular reserve fund contributions, and careful consideration of any major expenditures. The author also provides advice for unit owners on how to recognize the signs of financial trouble and take action to protect their investment.


condominium corporations, Ontario, Canada, financial trouble, mismanagement, reserve funds, unexpected expenses, financial planning, budget, reserve fund contributions, major expenditures, unit owners, investment.

Source Citation: 
Michelle Kelly
Condos in Trouble
May 14, 2019
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