Strata could be liquidating
The offer from the developer is decent but not that amazing considering how much the market has increased and how low the inventory is.
https://nie.postmedia.com/article/28948 ... d4lrHvUQGA
We are in the same situation. the developer money is not necessarily enough for everyone to buy back into the neighbourhood. But if we don't sell we are facing massive levies. we all just were hit with a 6k levy with more to come. the strata fees are already in the stratosphere (500 monthly) just to keep the lights on. insurance is through the roof and only 1 company even wants to insure the building.
I saw in the article that mentioned concessions from the city. does anyone know how our strata would go about getting any?
https://nie.postmedia.com/article/28948 ... d4lrHvUQGA
We are in the same situation. the developer money is not necessarily enough for everyone to buy back into the neighbourhood. But if we don't sell we are facing massive levies. we all just were hit with a 6k levy with more to come. the strata fees are already in the stratosphere (500 monthly) just to keep the lights on. insurance is through the roof and only 1 company even wants to insure the building.
I saw in the article that mentioned concessions from the city. does anyone know how our strata would go about getting any?