Recovering, but be ready for possible big costs
Fees are flat for 2026 and the has grown quickly. Still, an undecided $300K sewer quote, a loan that comes due in June 2027, and worn exteriors could mean a .
Documents not current. The newest board minutes are from January 13, 2026 and the newest financials from February 28, 2026. Updated documents were requested before a real client would receive this report.
SoundCondo Signals
No increase for 2026.
Growing, but $143,541 behind plan at end of 2024.
$300K sewer quote and 2027 loan balloon.
Siding, balconies and walkways need work.
2 pets with approval; rentals 3 months+.
Your share, by unit size
Each unit pays a share based on its . Move the slider to match the unit you're buying (110 to 128 in this complex).
Shares are the unit factor ÷ 10,000 × the corporation's total. Real figures come from the 2026 fee schedule.
Worst case, not a prediction –
If damage starts in your unit, the corporation can charge you its full : $10,000 to $25,000 here, up to $50,000 under Alberta rules. Ask for $50,000 of deductible coverage on your own condo insurance.
Red flags
The complex's savings over time
The reserve fund went from negative to over half a million dollars in three years. The dashed line is where the board's own plan said it should be at the end of 2024.
Sources: 2024 audited financial statements p.8 and note 4; January 13, 2026 AGM; February 28, 2026 balance sheet (after subtracting the loan).
Your to-do list
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How much was checked
Agent brief: what to do before the condition date
Nothing here is an automatic deal-breaker. Three items carry real dollar risk and should be answered in writing before conditions are removed.
Points to raise, with the dollars at stake
| Item | Unit share* | Ask for |
|---|---|---|
| $300K sewer recommendation, undecided (Oct 28, 2025 minutes) | – | The board's decision and how it will be paid, in writing |
| $256,338 loan principal due June 2027 (2024 audit, note 3) | – | The board's plan: refinance, reserve or assessment |
| 2025 special assessment of $100,000 (2024 audit, note 10) | – | Proof this unit's share is paid (estoppel, through the lawyer) |
| Exterior work deferred: siding paint $103,362 in the 2026 plan (Jan 13, 2026 AGM) | From reserve | Which 2026 projects are approved |
*At unit factor 124, set in the Buyer view. Discuss price or conditions with your client and their lawyer; this brief is information, not legal or financial advice.