A building's fiscal health is a key consideration in any purchase today. Too many buildings were blind-sided by investors, armed with 100% financing and spread way too thin, who not only reneged on their mortgage payments, but also their condo fees. It's not uncommon to see one investor having bought several units in several buildings and default on them all. This can have a dramatic snow ball effect; leading to reserve depletion, poor property management, increase in monthly maintenance fees, and … [Read more...]