We all like knowing that things are being handled fairly. It goes all the way back to fighting with our siblings over whose turn it was to use that one red plastic cup at lunchtime, counting the days of the week to make sure your diabolical little brother wasn’t trying to pull a fast one […]
There’s a lot to love about condo living – but one thing that even we’ll admit is a bit of a drag is the fees that come along with it. So the whole thing would be better if you could enjoy all the benefits of living in a condo without worrying about those pesky monthly payments, […]
They say that the only true constants in life are death and taxes – and if you’re an Alberta condo owner, you can feel confident adding “condo fees” to that list, too! Condo fees are all but a guarantee when you decide to take the plunge into condo living. Yet despite the extra expense, most owners […]
Last month, we took some time here on the Catalyst blog to explore exactly why it seems like the bottom has fallen out of condo reserve fund studies here across the province in recent months. We covered some decent ground and made some good progress, but there’s a second part of that story that we […]
If you’ve ever been part of an unexpected special levy, you know there’s not a whole lot “special” about it – aside from the specially-painful headache that can come along with the process! The term “special levy” might be a new one to you, but in reality, it’s simply a fresh coat of linguistic paint […]
When it comes to understanding condo fees, it’s important for condo owners to do their research. All Alberta condo owners are required to pay condo fees. These fees cover a variety of expenses that you incur as a property owner. The exact amount of the fees varies, depending on how much property you own. Additionally, […]
In the digital age we find ourselves in, there’s no shortage of options when it comes to transferring and moving money around. When you can choose to safely send money from one party to another using anything from banking apps to online third-party services to delivery-by-stagecoach
Raising the annual assessments is simply the most detested steps you can take. It can be even more concerning at a time when the economy is not doing so well. The key to prevent the board from taking this action is to follow other methods to increase
Many Canadians think that special assessments are mandatory. However, that is not the truth. If you have a well-managed condo community, you can rely on your reserve funds as and when it is required. There are ways to prevent special assessments.