Can your condo board actually issue an assessment without a majority vote?
In BC we can't, and any assessment vote has to be taken at the AGM or and SGM. I'd be surprised if Alberta allows a volunteer council to make assessments of $2 Million dollars, but I'm not overly familiar with the Alberta Condo Act, as I am with BC's.
Either way, sorry to hear about your assessment. Hopefully they allow a payment plan which is usually the case. I've seen payment plans stretched over 4-5 years even to allow some ease.
Were there signs of this upcoming when you bought the place?
Very rarely have I seen a large assessment that couldn't have been predicted. The reserve fund studies, an agent familiar with the buildings in the area, and a good inspector prior to purchase should have given you many warning signs.
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