http://www.calgaryherald.com/news/Sh...566/story.html
Don't know how many condo owners are on the board, I for one own a condo and always cringe when these kind of news are reported on the media. It's one of the main reasons I'm looking to purchase a house in the next couple years.
Anyways just wanted to read everyone's comments regarding this issue.
First and foremost I have my own personal condo insurance which has a value of $200,000 (Meloche Monnex) for any special assessment, have to look into this further. Based on the story it seems some owners may not have this insurance, I'm wondering why not? it's not that expensive when you look at the bigger picture.
Your thoughts?