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Buying a condo? There’s one document that can tell you almost everything about the building you’re about to invest in: the status certificate. In this video, Kate Peterson breaks down what a status certificate actually is, why it matters when buying a condo, and what buyers should be looking for before moving forward with a purchase. It might not be the most exciting part of the process, but reviewing this document properly can protect you from major financial surprises down the road. From condo fees and reserve funds to rules, regulations, and potential special assessments, understanding the status certificate helps buyers make confident and informed decisions. 👇 In this video we cover: • What a condo status certificate is • Why your offer should be conditional on reviewing it • What condo fees actually cover • How reserve funds protect owners • What special assessments are and why they happen • Rules and regulations every buyer should review If you’re thinking about buying a condo, downsizing, or entering the condo market for the first time, this is information every buyer should understand before signing anything. Subscribe for weekly real estate insights, buyer education, and market updates or head on over to our website to learn more: https://petersonteam.ca/