Toronto Residential Realtors. Service Beyond The Status Quo
This month, I will finish the maintenance fee analysis we started in April by taking a closer look at a condo’s reserve fund. The hope is that we can uncover the condo unicorn which features low monthly maintenance fees per square foot; low operating costs per unit; a history of low operating cost increases and […]
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Last month, I reviewed 30 Toronto condos to adjust the maintenance fee per square foot/month in order to make an apples-to-apples comparison. The average came to be $0.64 per sf/mth. This month, we’ll take a closer look of the operating costs and complete the maintenance fee trilogy next month with a closer look at the reserve […]
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Condos sales now make up more than half of Toronto’s resale transactions. I believe that there would be even more condos sold if not for monthly maintenance fees which are a detraction for owners of freehold properties who would otherwise happily downsize. One metric buyers use when comparing condos is the monthly maintenance fee per square […]
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