Regardless the size of the property, purchasing real estate is a big investment, so you want to make the right choice. Condos are always a popular choice for many home buying sectors: first-time buyers, investors or empty-nesters. Condos in Calgary also generally tend to be consistent investments, regardless of ups and downs in the economy, […]
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How much do you know about condo reserve funds?
The Condominium Property Act in Alberta, requires that condo boards establish and maintain a reserve fund, to provide capital for major repairs and replacement of common property owned by the corporation. As buildings age, they need to be repaired: roof, parking lots, landscaping, etc. Condo owners must pay for the repair or replacement of common […]
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