None are exactly alike
“The world's a forest, in which all lose
though by a different path each goes astray.”
There are approximately 10,000 condo corporations in Ontario and they
are all a little different. Like snowflakes, no two are identical.
There are two large condo corporations on Dixon Road, both exact twins,
built by the same developer, yet no one would say that YCC #42 and YCC
#60 are close to being identical.
You can have two identical towers sitting side-by-side and joined at
the base by a
shared facilities complex and yet they are managed different, have
different by-laws, rules and have different monthly fees. One will be
cleaner and have fewer rented units than the other.
That is why it is so hard to write about condos. They differ by type of
construction, number of units, their amenities, the incomes and
expectations of the owners, and how well they are managed by the
property management company and their volunteer board of directors.
a condo corporation that is well managed today can turn into a disaster
after any election where there is a change in the majority of directors.
However, it doesn't seem to work the other way. Unlike an unprofitable
company that can be returned to prosperity by a new CEO, once a
condo corporation deteriorates, it is very difficult, if not
impossible, for a new board to nurse it back to health.