Quote:
Originally Posted by Acajack
But if you want stuff that is really nice like a pool or tennis courts you're looking at 1000 a month or more.
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Really? Mine has a pool, hot tub, gym, etc. and it's around $400 a month. We have security on site too. The condo fees include gas but not much else. This is a larger complex. The value is actually really good. The fees cover maintenance for the building envelope so stuff like painting, roofing, and window cleaning is covered in addition to landscaping.
The most challenging cost has been insurance which has been ballooning in BC.
I do know some people who pay exorbitant condo fees in Ontario ($1,000+), although they are in pretty nice buildings.
When I look at moving into a detached house it's a pretty hard sell. I'd have to pay $400,000-500,000 extra to get something worth moving into. The cost of a nice house in many markets. It would be nice to own the land (which in an urban setting will remain valuable even if the house burns down) and not have the strata risk though (you never know what ridiculous stuff they will do, and opposing even stuff they aren't supposed to do can be a big PITA).