Posts tagged Condo Fees
How Much of Your Life is Spent Waiting in Elevators?

If you live in a high-rise condo, you know all too well the problems that can arise when one or more elevators go out of service! 

But how much of your day & life is spent waiting for these elevators?

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How to Avoid a Special Assessment in Your Toronto Condo

The words “special assessment” bring goosebumps to many condo owners & with good reason! These additional fees can appear to come out of nowhere if you don’t approach your condo purchase properly & do your homework on the building!

A special assessment occurs when there are repairs that need to made to a condo building but the existing reserve fund doesn’t have enough cash on hand to cover the expense. As a result, owners are left with an additional lump sum that they must pay to cover the costs.

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Did You Know Toronto Condo Fees Can Increase?

While most buyers know about the monthly maintenance fees you have to pay as a condo owner, many are unaware of the fact that these condo fees can increase at any time!

These fees are typically based on a monthly amount which you can easily budget for, however should the building need repairs or have to pay for a lawsuit, you can end up with an additional cost that can be hard to predict!

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