Barbara Yaffe: B.C. strata councils in ‘critical’ funding state

Strata depreciation reports have unearthed an alarming situation for B.C. condo owners: The overwhelming majority of strata units are carrying monthly maintenance fees that are nowhere near adequate to keep up their buildings. “This is really a scary situation,” says Jeremy Bramwell, of Bramwell & Associates Realty Advisors. “We are going to have a lot of special assessments being levied (on condo unit owners) in coming years.”

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