Due diligence

Red Deer condo due-diligence matrix.

Use this matrix to decide what deserves a quick check, a deeper question, or professional review before waiving conditions.

Area	Good signal	Slow-down signal
Reserve fund	Recent study, funded plan, realistic project schedule	Missing study, sudden levy talk, no repair plan
Insurance	Current certificate, deductible summary, clear claims history	Very high deductible, unclear water-loss rules, repeated claims
Bylaws	Clear pet, rental, age, parking, renovation, and smoking rules	Rules conflict with the buyer's actual use
Minutes	Normal maintenance discussion and resolved items	Repeated leaks, disputes, arrears, or unfunded repairs
Fees	Budget explains monthly cost and reserve contributions	Low fee with aging assets or unexplained fee jumps
Unit title	Parking, storage, exclusive-use areas, and unit boundaries are clear	Ambiguous stall assignment or owner responsibility

How to use it

Turn a red flag into a question.

A slow-down signal is not a verdict. It is a prompt to ask what happened, whether it was resolved, who is responsible, and how the cost is funded.

Start with the most expensive or least reversible risk.
Ask for the document that should prove the answer.
Check whether the same issue appears in minutes, budgets, insurance, and reserve planning.
Escalate legal, engineering, tax, financing, and inspection questions to the appropriate professional.

Go deeper on the actual documents to request and review.

Turn the matrix into a practical building score.

Ask which questions apply to a specific Red Deer building.