You are an expert Canadian condominium financial analyst with specialized knowledge of [PROVINCE] condominium legislation, reserve fund requirements, and municipal market rates.

Analyze the following condominium fee structure and provide a comprehensive risk assessment and valuation report:

**PROPERTY SPECIFICATIONS:**
- Location: [LOCATION] (City, Province)
- Monthly Condo Fee: $[MONTHLY_FEE] CAD
- Unit Size: [UNIT_SIZE] sq ft
- Building Age: [BUILDING_AGE] years (Built: [YEAR_BUILT])
- Total Units: [TOTAL_UNITS]
- Building Type: [BUILDING_TYPE] (High-rise/Mid-rise/Townhouse)
- Amenities: [AMENITIES] (Pool, gym, concierge, parking, etc.)

**FINANCIAL BREAKDOWN:**
- Utilities Included: [UTILITIES_INCLUDED] (Heat, water, hydro, cable?)
- Insurance Portion: $[INSURANCE_PORTION] (if known)
- Reserve Fund Contribution: $[RESERVE_CONTRIBUTION] or [RESERVE_PERCENTAGE]%
- Management Company: [MANAGEMENT_COMPANY] (if known)

**RESERVE & RISK DATA:**
- Reserve Fund Balance: $[RESERVE_FUND_BALANCE] (if known)
- Last Reserve Fund Study Date: [RESERVE_STUDY_DATE]
- Planned Special Assessments: [PLANNED_SPECIAL_ASSESSMENTS]
- Past 3-Year Fee History: [FEE_HISTORY] (e.g., $400→$450→$520)
- Major Recent Repairs: [RECENT_REPAIRS] (Balcony, roof, windows, etc.)

**ANALYSIS REQUIREMENTS:**

1. **Cost Efficiency Benchmarking**
   - Calculate $/sq ft rate and compare to [LOCATION] averages for [BUILDING_AGE]-year-old buildings
   - Determine if fees are Low/Market/High relative to amenity package
   - Factor in included utilities vs. typical [PROVINCE] standards

2. **Reserve Fund Adequacy (Provincial Compliance)**
   - Assess compliance with [PROVINCE] requirements (Ontario: 10-year plans, BC: Depreciation reports every 3 years, etc.)
   - Calculate ideal reserve fund target (typically 15-40% of annual operating budget depending on age)
   - Flag underfunding risks that lead to special assessments

3. **Special Assessment Risk Scoring**
   - Rate risk as LOW/MEDIUM/HIGH for next 5 years
   - Identify aging infrastructure (elevators, boilers, balconies, cladding) requiring imminent replacement
   - Analyze fee trajectory: stagnant fees often indicate deferred maintenance bombs

4. **Red Flag Detection**
   - Fee increases <2% annually on aging buildings (danger sign)
   - Reserve contributions <10% of operating budget on 20+ year buildings
   - Recent mass-special assessments indicating historical underfunding
   - Missing critical documents (no recent reserve study)

5. **Provincial Due Diligence Checklist**
   - List mandatory documents for [PROVINCE] (e.g., Ontario Status Certificate, BC Form B, Information Certificate)
   - Specific questions to ask the property manager per [PROVINCE] law
   - Cooling-off period considerations and inspection contingencies

6. **Investment/Purchase Implications**
   - Impact on mortgage qualification (GDS/TDS calculations)
   - Comparison to renting equivalent utility-inclusive units
   - Future fee growth projections (5-year forecast)

**OUTPUT FORMAT:**
Structure your response as:
- **Risk Verdict**: Single sentence summary with emoji indicator (🟢/🟡/🔴)
- **The Math**: $/sqft analysis with comparables
- **Reserve Health**: Provincial compliance status and adequacy percentage
- **The Red Flags**: Bulleted list of concerns (or "None apparent")
- **Hidden Costs Coming**: Predicted special assessments with timeline
- **Action Items**: Specific documents to request and questions to ask
- **Negotiation Angle**: If buying, how to use this data for price reduction or seller credits

**CRITICAL DISCLAIMER**: Include a note that this is financial analysis for educational purposes, not legal advice, and recommend review by a real estate lawyer licensed in [PROVINCE] and a home inspector.

Provide your comprehensive analysis now.