Tag Archives: condominium owners
Why the rally?
People are frustrated and so much reaction has been stirred with Homeowners is they are tired of endlessly being victims. The result is the reason why the reform of the current Condominium Act 1998 is absolutely necessary.
Basically as homeowners people feel powerless because we elect Boards that are inexperienced volunteers, in cases based on the “right promises” under emotional circumstances. These elected Boards in turn hire, direct and sign lengthy contracts with suspicious Property Management companies whom we have no involvement in choosing. This same Board then utilizes expensive corporate lawyers to protect their interests under the banner of the “corporation”. In most cases there are no answers, transparency of financial or accountability to the homeowners only the “corporation”.
The result in our case being an older building is heavy debt, an unfulfilled Reserve Fund plan, huge loans, unpaid bills and endless special assessments with false guarantees to perform necessary restoration projects. In the end homeowners feel cheated, unable to sustain this financial burden, see no rewards, feel unjustly treated, with no comfort of protection through the current Condominium Act (1998) or the Courts in a reasonable process.
Our case is a classic example of all things going wrong over time resulting in the appointment of an Administrator. The objective of this appointment is mainly to address the current financial crisis and not investigate any wrong doing or mismanagement from the past. Justice certainly is blind in this case.
You can see why they are so angry and want to be heard. Condo Homeowners have no one to speak on their behalf or protect their assets. Many are demoralized when they loose everything.
Please help us convey our frustration to the Government of Ontario and make others aware of Condominium act that needs an overhaul.
The rally location:
236 Albion Rd
Etobicoke, Ontario, Canada,
Armel crt/Albion Rd
September 5th Sunday at 3pm
- Expecting over hundred attendees this time alone with joint rally with condo owners from Dixon/Kipling
- MPP Rosario from Spadian Trinity riding who is working on Bill 79 to protect the condominium home owners
- The Jeffrey Team is not affiliated with this event in any way
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