RICHMOND AND GREATER VANCOUVER REAL ESTATE NEWS

What Is a Condo Special Assessment?

What Is a Condo Special Assessment?

Michael Cowling
Published on: 08/11/2025

Facing a condo special assessment in Canada? Learn what a special assessment is, why it's issued (budget shortfalls, unforeseen repairs), how costs are calculated, and the consequences of non-payment. Discover strategies to potentially avoid them and understand their tax deductibility. Essential reading for Canadian condo owners and prospective buyers.

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