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What Is A Status Certificate? Do I Need To Read It?
In Toronto, as part of the Ontario Condo Act, condo buyers have access to a Status Certificate. It is put together by the condo board with updated information about the building. Most notably, this document provides information about the building’s financial status. If you’re going to financially invest in a condo, don’t you want to know everything you can about what you’re putting your money into? Of course you do! So yes, order and read the Status Certificate. What is ..
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