Foggy Horizon

Our Property Manager is no longer in the employ of the co-op, although for the time being the property management company still is. Only a select few in our co-op know what transpired, so all I can do is speculate on the repercussions of what the future holds.

The management company could bring in a new Property Manager or the Board of Directors may be in the process of trying to take back the co-op from third party management. CMHC could also be involved at this point in light of the fact that over the past few years our vacancy losses have been in the order of $300,000. and the co-op may no longer be viable.

A newsletter from the Board of Directors should enlighten co-op members as to what transpired and what our status is at the present time.