When Bonnie Jones bought her first condo five years ago, she thought aside from her mortgage and taxes, the $1,000 in monthly maintenance fees would cover all other costs associated with her condo unit.
A new condo construction site is set against an existing condo building in downtown Toronto on Thursday, May 25, 2023. THE CANADIAN PRESS/Chris Young
Jones lives at Guildwood Terrace in Scarborough, where there are two 33-year-old buildings which are currently having all their windows replaced. Jon Juffs is a condo expert who studies reserve funds as the Vice President of Building Facilities with EGIS Canada. Juffs said many older condos will start needing repairs and reasons for special assessments include replacing roofs, exterior glass walls, balconies, foundations and parking garages.
“In my mind there is no good reason to be ousting a home owner just for the costs of repairing a building,” said Juffs. If you're planning to leave Canada, there's a laundry list of things that need to be checked off. Experts explain all the steps you need to take before making the move.Colombian President Gustavo Petro on Wednesday called on his close ally, Venezuelan President Nicolas Maduro, to release detailed vote counts of the weekend election in which electoral authorities declared Maduro the winner.
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