||A downtown condo, that is about
75% rented, has not raised its monthly maintenance fees in the last six
||a three-year old hipster condo in Toronto's Entertainment District has underfunded its Reserves by $100,000 so it could pay the operating costs.|
||A fairly new middle-class condo in North York where the directors who raised the monthly common expenses were voted out of office.|
||Requistionists who want to replace the board and promise the owners that if elected, they will reduce the fees by 19%.|
||A condo where the financial
statements claims there is $300,000 in the
Reserve Funds but the auditor states, buried in the bottom of the front
page, that the Reserve account has a bank overdraft.
||Owners in a ten-year old condo
who are requisitioning an owners meeting so they can replace the board,
the management company, cut the cleaning hours and hire lower-cost
contractors in order to lower the fees.
owner who is helping in an attempt to remove an honest board tells the
owners that a little bit of corruption is okay if our fees go down.
||A condo in the west end of
Toronto that has not raised its fees in years, has an eight-year old
Reserve Fund Study, needs $4 million in repairs and had only $13,000 in
the Reserve Fund. It owes thousands in unpaid utility bills.
||A Reserve Fund study by the engineering firm that says a roof needs to be replaced and the parking garage repaired in 2012 but the next study, done by a second engineering company, says the work can be postponed until 2020 and 2024.|
North York condo that is so
broke it laid off the gatehouse security staff and then bought a tea
kettle for the gatehouse desk to make it look like guards are still on
|Toronto's SwimSafe new health
inspection signs are now in place.
Indoor condo swimming pools and hot tubs will be inspected every three months while outdoor pools will be inspected twice a year.
Like the city's restaurants, the hotels, fitness centres and condos will have to post a Green, Yellow or Red sign, depending on the pool's rating.
Now the pool or hot tub users will know how well their amenities are being maintained.