💣 THE AUDITOR FLAGGED LEGAL BREACHES.
🧾 THESE BREACHES WILL APPEAR ON YOUR STATUS CERTIFICATE.
📉 AND THEY WILL HIT YOUR PROPERTY VALUE.
Let me spell it out clearly, without the hand-holding:
❗ STATUS CERTIFICATE = YOUR REAL ESTATE CREDIT REPORT
When an auditor reports non-compliance with the Condominium Act, that doesn’t disappear into thin air.
It goes straight into the next 12 months of status certificates – the document every buyer, every bank, and every lawyer reads before approving a sale or mortgage.
You think buyers won’t care?
You think banks won’t care?
Please. They care more than you do.
🧨 THE DAMAGE LASTS A FULL YEAR
There is no new audit for another year.
Meaning:
- This red flag stays on the corporation’s record.
- Every owner trying to sell will have to explain why their condo corporation is breaching the law.
- Every realtor will steer buyers away.
- Every lender will tighten requirements – or walk.
This isn’t “my opinion.”
This is how the market works.
💔 GOOD LUCK SELLING IN 2025
If you’re planning to sell this year, brace yourself.
You’ll be competing against:
- Clean corporations ✔️
- Compliant corporations ✔️
- Corporations without legal breaches ✔️
Meanwhile, yours will be advertising “legal non-compliance” right on page one of the status certificate.
Good luck with that.
🔥 AND LET’S BE HONEST
This didn’t come from me.
It came from your own auditor, in black and white.
So if you’re shocked, blame the board that created this mess – not the person pointing out the consequences.
