This condominium, a corporation located in Edmonton, Alberta, required a condominium loan for structural repairs to the parking deck, landscaping and grading, and other repairs to the exterior of the building. The townhouse complex contains only a small number of units and was originally constructed circa 1983.
The loan was initially provided in 2019 for the work. Given the small number of units, doing a special assessment would not have been reasonable due to the significant financial burden it would have placed on unit owners.
