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What’s Happening With Condo Maintenance Fees? (Pt2)

Toronto Realty
Publication date:
February 1, 2023
Article Summary: 

The article discusses the substantial increase in condo maintenance fees over the past decade, highlighting examples of buildings with both high and low fees. Factors contributing to fee variations include amenities, building age, reserve fund health, and management decisions. The average maintenance fee per square foot in 2023 is $0.86, with predictions of further increases in the future. The article also briefly mentions the Toronto Vacant Home Tax and the federal Underused Housing Act.


Condo maintenance fees, Urbanation data, Condo amenities, Reserve fund, Special assessment, Building management, Property taxes, Toronto Vacant Home Tax, Underused Housing Act

Source Citation: 
Toronto Realty
What’s Happening With Condo Maintenance Fees? (Pt2)
February 1, 2023
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