What is "Amalgamation"? It is a consolidation,
joining, union or marriage of two or more parties. For
condominiums, it means merging two or more similarly built and
managed condominium corporations so that it becomes one brand new
corporation with a newly registered number. It means having
one board and one set of monthly financial statements, one audit,
one declaration and one reserve fund, just to name a few.
The usefulness of amalgamation cannot be understated.
Why a condominium community is developed with more than one
condominium corporation differs from community to community.
In some cases, the condominium community was developed before
amendments to the Condominium Act allowed for phased
condominiums. In other cases, phasing was not pursued for
some other reason. No matter the cause, developing a
condominium community with more than one corporation requires the
registration of multiple separate condominium corporations and
plans, complex agreements
