10/25/2026
🏙️ CONDO FEES: WHAT ARE YOU REALLY PAYING FOR?
When buying a condo, it’s easy to focus on the purchase price, but your monthly maintenance fees deserve just as much attention.
Here are 3 things every condo buyer should know:
🔑 1. What’s included?
Fees may cover water, building insurance, common area maintenance, amenities, and sometimes heat or hydro. Always check what’s included in the specific building.
💰 2. Are the fees financially sustainable?
Lower fees aren’t always better. A building’s reserve fund, operating budget, and planned repairs can tell you much more about its financial health.
🏢 3. How do the fees compare?
Consider the building’s age, amenities, unit size, and what the fees cover. Compare similar properties rather than looking at the monthly amount alone.
✨ The bottom line: A condo’s true cost goes beyond its asking price. Understanding the building’s finances can help you make a more informed decision before submitting an offer.
Thinking about buying a condo in Toronto, the GTA, or Ottawa? Send me a message! I’d love to help you navigate the process. 🤍
Ashley Sala | REALTOR®
eXp Realty | Toronto, GTA & Ottawa