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Why Get Involved? Print E-mail
I know there are Owners out there who ask this question. And I am envious of any Owner who is fortunate enough to own a unit in a well managed Corporation with competent, reasonable and service oriented Directors and Officers. After all, why should such Owners join with other Owners to lobby for legislative reform? Allow me to try to answer this question.
If you take for example, the Owner of a unit in a Corporation where "governance issues" abound and where there is a complete or even partial contempt for law and the interests of Owners. Such an Owner has only two alternatives;
  1. To pay the thousands of dollars associated with mediation and/or arbitration and possible litigation to remedy the situation after which, such a condominium community would be divided and unpleasant to live in; or
  2. Attempt to sell his/her/their unit.

In either situation, once such an Owner does sell, do they then turn around and purchase another condo? I think not! Do other Owners in that Corporation buy another condo elsewhere? Not likely! The relatives, friends and acquaintances of such an Owner, knowing what they have gone through, will likely not wish to purchase a condominium unit, even in a well managed Corporation like yours. From this example, how many potential purchasers have been discouraged from looking at your unit when the time comes that you want to sell?

Or, you or one of your family members should purchase a Unit in the example Corporation, all the while believing that ALL Corporations are as well managed as yours?

ALL Owners of Condominium units in Ontario and across Canada do have a reason to support much needed reforms to our current Condominium legislation, even those who are fortunate enough to have experienced the true intent of "condominium living".