Maintenance Fees: The Breakdown

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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One Size Fits None

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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