Konrad's article is a gross exaggeration of the problems of condos governance. I have lived in a condo in Vancouver for nearly 25 years, and was on the council for maybe 15 years. Certainly there is room for improvements, particularly better service from the management companies, better quality construction from the developers and more participation from the owners, but overall the system works rather well, the buildings are well-maintained, the place is peaceful and there are few conflicts between residents. There is no evidence of fraud. The provincial government improves the legislation from time to time. Other benefits: excellent transit and great access to all services and amenities.
There is a need for more family oriented condos, and to control flipping and speculation in new developments.