
A condo status certificate is one of the most important documents in an Ontario condo purchase. It can show the condo corporation’s budget, reserve fund position, rules, insurance, common expenses, arrears, special assessments, and legal issues. In Ontario, anyone can request one, the fee is capped at $100 including taxes, and the corporation must provide it within 10 days. Buyers should have it reviewed by a real estate lawyer before they go firm.
Buying a condo is a little different from buying a house.
You are not only buying the unit. You are also buying into the building, the budget,...


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