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Strata Fees:
So in regards to the lame realtor yesterday^^, he did tell me about one thing regarding strata fees.
Apparently, the laws regarding their funding have changed that complexes need to have a depreciation report on all common property(siding, roofing, pipes, mechanicals) and have a funding plan for their replacement.
Basically, that backtracks to: we know we need to replace the roof in 10 years, we know its going to cost this much, so what does our strata fee need to be now in order to fund the maintenance of the building/complex.
So you are going to see a change in how buildings determine what their fee is going to be and how its charged.
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