CCI Manitoba Chapter News

How much of a special assessment can you afford?

Ever since the catastrophic collapse of the Champlain Towers condo in Florida a few years, condo boards have been paying more attention to deteriorating infrastructure and engineering reports. In this news item from the Daily Guardian, ‘No one has $70,000 dollars lying around’: Toronto condo owners facing massive special assessment, condo owners are facing a huge bill in a property that is only seven years old. The problem pertains to water penetrating the parking garage. While the board is recognizing the impact on unit owners they are not deferring action. One aspect not covered is the irony that condo acts are part of consumer protection which seems to be absent in this case, with no mention of warranties or court action depending on the cause of the problem.