Quote:
Originally Posted by J_M_A
I saw fees as high as $700 a month in one unit. Where as I pay $185 a month with underground heated parking, and it also includes water.
|
There are many factors that go into those fees so you can't always compare apples to oranges. One place or the other might include or exclude concierge, gym, digital tv & internet, taxes, insurance, water treatment, exterior services, heat, electrical, special assessments, etc. So one building might be $200 but you spend $300 on other costs, and the next building is $500 with everything included.
But yes at TD and Hamilton, fees are disproportionately high and rising. New rules are pushing up fees in most condos to beef up reserves. For some of the currently listed condos, fees are stated around $200-300.
So the original point still stands... that high rise executive condos are currently struggling to sell in the 200's. What will happen as tons of extra supply comes on stream?