(Eaton) Lofts at 276

[plam]

The reserve fund studies and the 30-year requirement did not come into play until the act was proclaimed in 2001. And there might have been a transition period, too. Prior to that, many condos had reserve funds but they were not regulated, and many of them would have been insufficient to meet the current 30-year requirement.

As a comparison point, Quebec condo fees look tiny compared to Ontario condo fees. I don't think there's a similar requirement in Quebec.