Special Assessments in Condos Explained | Episode 82

Special Assessments in Condos Explained | Toronto Livings Podcast Episode 82SHOW NOTESIn Episode 82 of the Toronto Livings Podcast, Mark and Joey dive deep into the topic of special assessments for condos. They discuss everything you need to know whether you're buying, selling, or currently owning a condo facing a potential special assessment. With valuable insights on how to navigate this complex subject, including real-life examples and tips for both buyers and sellers, this episode is packed with essential information. Plus, hear about their latest adventures, including ice fishing and a visit to Second City, and the sad farewell to a favourite sushi spot. Don't miss out on this highly informative and entertaining episode!CHAPTERS (00:00) Introduction and Episode Overview(02:29) Ice Fishing Adventure(07:07) Second City Comedy Night(11:27) Sushi Restaurant Closure(15:21) New Listings and Garden Suite Rental(19:26) Understanding Special Assessments(29:22) Understanding Building Diagnostics(30:10) The Complexity of Condo Living(31:19) Major Repairs and Special Assessments(31:43) Case Study: Special Assessments in Action(34:35) Financial Management and Special Assessments(37:57) Legal Matters and Special Assessments(46:59) Navigating Special Assessments as a Buyer(51:53) Navigating Special Assessments as a Seller(57:08) Final Thoughts and Practical AdviceFEEDSPOT TOP CANADIAN REALTOR PODCASTShttps://podcast.feedspot.com/canadian_realtor_podcasts/FEEDSPOT TOP TORONTO PODCASTShttps://podcast.feedspot.com/toronto_podcasts/WHERE YOU CAN FIND US🏡 For all your Toronto Real Estate Needs: TorontoLivings.com/🖥️ INSTAGRAMMark Savel: https://www.instagram.com/torontolivings/Joey Virgilio: https://www.instagram.com/joey_torontolivings/🎙 MORE EPISODEShttps://podcasters.spotify.com/pod/show/toronto-real-estate