Friday, December 08, 2023

Budget Newsletter 2024

 Budget Newsletter 2024

The Board of Directors for Place Royale would like to announce a (3.95%) increase in Condominium Fees for the fiscal Year 2024

Place Royale Board of Directors has maintained a zero percent increase in condo fees from 2013 to 2023. This zero percent increase was kept despite inflation, the increased cost of operations and cost of upgrades to the building. As we move forward, we will need to increase our reserves and ensure that the Corporation has available funds for necessary repairs. Some of the repairs in the immediate future are Roof Repairs, adding a new Domestic Hot Water, and removing the wallpaper and painting the walls on each floor. Lighting surrounding the elevators will be converted to LED as well as in common areas as repairs become necessary. Upgrades to the Lobby has begun and will continue; in addition, repairs to the Gym will also be completed in the near future.

Place Royale Board of Directors stand proud of the work we have completed over the years and will continue our improvements to the building.

Thank you for your continued support in taking care of the building and maintaining the great living environment that we have at Place Royale.

Place Royale Board of Directors