Quote:
Originally Posted by jc_yyc_ca
It's because it's a new building. Look at the condo fees of any building older than the year 2000, I bet there is nothing less than $600/month. That's the equivalent of adding another 150K to your mortgage.
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I live in a building that was built before 2000 and the condo fees are nowhere near $600. We also have a healthy reserve fund. We're also self-managed which I think makes a huge difference. If it wasn't for the City forcing huge water treatment, sewage, recycling, etc. increases on people I don't think our condo fees would have gone up much at all.
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