Quote:
Originally Posted by 240glt
We had a condo downtown in Edmonton, Standard wood frame construction built in around 2005, and the year after we sold it they discovered a problem with the way the balcony membrane application tied into the exterior wall at the base where the balconies recessed into the building. It was a stupid mistake and someone should have caught it. It cost the owners thousands each in assessments to repair.
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Wow! Unfortunately that type of story is wayyyyyy too common when it comes to condos, and unfortunately, it comes down as debilitating special assessments for condo owners. As I've shared previously, annually there are 500 winning Calgary tickets in the condo (large) special assessments lottery, and condo owners or prospective condo owners need to understand that.