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What Is Bill 16 And What Are Its Implications?

What Is Bill 16 And What Are Its Implications?

What Is Bill 16 And What Are Its Implications? Bill 16, a relatively recent piece of legislation, partially came into effect on January 10, 2020, signifying an important development in the realm of property and construction regulation. One of its standout provisions...
The importance of a reserve fund study

The importance of a reserve fund study

The reserve fund study, also known as an asset management plan, has become essential for condominium associations since the implementation of Bill 16 in January 2020. This study involves detailed assessments of a building’s condition and the estimation of costs...