50 Quebec Avenue

YCC323

York Condominium Corporation 323

50 Quebec Avenue, Toronto, Ontario

M6P 4B4

 

 


 

Reserve Study:

The Corporation is required under subsection 94(1) of the Condominium Act, 1988 to conduct periodic studies to determine whether the amount of money in the reserve fund and the amount of contributions collected by the corporation are adequate to provide for the expected costs of major repair and replacement of the common elements and assets of the corporation. The most current study is available. Please click on the following link to see the report.

Form 15: Future Funding March 25, 2015

Reserve Fund Contributions
The Reserve Fund Study was updated by our Engineer in March 2015 to take account of the work completed since the 2013 Study, and to include any new items and the additional HST. Based on this Study, a Form 15 Notice of Future Funding of the Reserve Fund, which provides a summary of Contributions and Expenditures for future years, was sent to all Owners on April 12, 2015.
The Study recommends that the Contribution for 2016/17 should be increased by $10.42 per unit per month. For 2017/18 period, $5.24 per unit per month and for the 2018/19 period, $5.33 per month per unit.
The full Study, which contains over 200 individual items, is available in the office for those who are interested in the details.

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