top of page
< Back
Category:

Financials

Save this article  > 

Boasting About Low Condo Fees

Author: 
Toronto Condo News
Publication date:
November 24, 2021
Article Summary: 



The blog discusses the issue of condo boards boasting about low condo fees and explains why it is not an accomplishment but a disaster waiting to happen. It points out that ignoring the reality of rising costs for maintenance, repairs, insurance, and other expenses can lead to special assessments, cutting back on necessary expenditures, and even the need for loans. The article warns that failing to increase condo fees to maintain a home can lead to a dire need for cash and ultimately the building falling apart.

Keywords: 

condo fees, maintenance, repairs, insurance, costs, special assessments, loans, and condo boards.

Source Citation: 
Toronto Condo News
Boasting About Low Condo Fees
November 24, 2021
https://tocondonews.com/archives/boasting-about-low-condo-fees/
Did you find this article useful? 
Your feedback is important not only to us, but to all the other key players in the condo industry.  Help us by letting us know if this article is relevant and useful.  This will help us prioritize articles that provide helpful guidance to other key players like you. 

Please login to use this feature.

bottom of page