Ontario condo owners hit with $20,000 special assessment

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Ontario condo owners hit with $20,000 special assessment
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'That is a lot of money to hand over.'

“I just want answers and they won't give us answers to anything," said Lori West-Ritza, a unit owner who has lived in the development for the past three years.

“That is a lot of money to hand over and we are being told there won’t be any work done for a year. We are also not being told what work is being done with this money,” West-Ritza said. In the letter to owners, it says the board of directors approved a special assessment of $3.5 million which will allow for the completion of approved projects including balcony, window, carport and door replacements, as well the continuation of roof repairs and repairs to reopen the pool.

“These are concerning situations and we certainly empathize with the owners facing a special assessment," said CEO of CAO Robin Dafoe.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

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