What annual meeting allows owners to discuss condominium affairs?

The Annual General Meeting (AGM) is a formal gathering of condominium owners where they come together to discuss important affairs relating to the condominium. This meeting serves several key purposes: it allows owners to receive updates on the operations and finances of the condominium, vote on significant issues (such as budget approvals and board elections), and raise questions or concerns regarding management and maintenance.

The AGM is mandated by the Condominium Act and typically occurs once a year, ensuring that all owners are involved in the decision-making processes that affect their community. This collective discussion fosters transparency and accountability from the management.

In contrast, other meeting types listed, such as a Quarterly Assembly, Owner's Forum, or Board Review Meeting, may not have the same structure or legal standing as an AGM. While these gatherings may provide opportunities for communication among owners or between owners and the board, they do not have the formal capacity to address the annual financial review, election of directors, or strategy planning typically covered in an AGM. Thus, the AGM is the critical event for discussing condominium affairs with the full ownership body.