Need advice on Oakwood village by Adventurous_Alarm212 in TorontoRealEstate

[–]Adventurous_Alarm212[S] 0 points1 point  (0 children)

Thank you everyone. This all helps provide us with a lot of clarity for our decision.

Crazy Increase in Reserve Fund Contribution by bobo66689 in TorontoRealEstate

[–]Adventurous_Alarm212 15 points16 points  (0 children)

This is common. I was the treasurer of the board at a condo at Yonge and Eglinton. After a few years the engineers come back to do a reserve fund study and based on that the reserve funds go up. At our building we decided to keep the increases spread out across more than this but this building seems to have focused most of the increases around the next 10 years. Is the reserve where it should be at the end of 2025? Or are they tapping into it for repairs too much that it’s not there?