Condominium special assessments are the worst thing that a condo owner can incur. Special assessments occur when condominium associations fail to maintain enough money in their reserve accounts to fund the replacement of the major common areas. Learn how you can avoid the dreaded special assessment.
Condos have become a popular form of real estate ownership in Toronto especially among first time home buyers. Not only do condos tend to be the most affordable option for home ownership in central Toronto but they also offer a low maintenance lifestyle.
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