Condo Fees: What to Know
Condo fees can be a deal-maker or deal-breaker. The key is understanding what you’re paying for, whether the building is well-managed, and what the fee history signals—especially in today’s buyer-leaning GTA market.
Condo fees are your monthly share of building costs—maintenance, insurance for common elements, amenities, and sometimes utilities. Step one is to look past the number and ask: what’s included?
In a buyer’s market, you can be more selective. Compare all-in monthly costs: mortgage + taxes + condo fees + insurance + utilities not covered.
The bigger risk isn’t high fees—it’s unstable fees. Rapid increases, low reserve funds, or upcoming repairs can lead to special assessments. This is why document review matters.
My process includes a structured condo review so you understand reserve fund health, upcoming projects, and financial risks before you commit—paired with current neighborhood market stats.
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