There is an increased risk associated with buying into one of these buildings. The problems were more pronounced for construction in the 70's and 80's. There was a huge issue with Western Canadian Place for example which resulted in massive costs (but that is a commercial space).
If the building was constructed between 1975 and 1985 or so, make significant inquiries. I think by now the issue is so well known it is maintained, but then you are relying upon your condo board, and then in turn on the inspection company.
PTC is still used and I understand the systems have improved, but there is still an increased maintenance cost in exchange for the better floor plate. And yes, they can be a perfectly good construction system with signficant benefits, but that includes cheaper initial construction costs.
Last edited by Kjesse; 02-07-2016 at 08:44 PM.
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