Condo Owners Forum

"It's about community. It's about bringing people together. It's about creativity and service. It's about making the community in which we live a really good place to be." - In Miscellaneous Quotes, by Andy Stoll

Home COFSAB Forum Communication & News Calgary condo owners struggling with rising condo fees — experts say this is wha Reply To: Calgary condo owners struggling with rising condo fees — experts say this is wha

  • Mark

    Member
    November 17, 2022 at 11:53 am

    One aspect not touched on anywhere: many developers will pitch a sale based on “set it and forget it” to snowbirds, leaving the operations to a few resident volunteer board members and managers. In the initial sale, they will pitch low condominium contributions and then offer to pay the first couple of years – leaving the future elected board to discover unpaid utilities and no contributions to a Reserve Fund, with a consequent special levy or increase in the regular ‘contributions’ or both.

    Please spread the word!
Verified by MonsterInsights