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Originally Posted by MalcolmTucker
Condo fees are going up as reserve fund studies are done for the first time or updated to reflect current interest rates and construction costs. Instead of discounting higher fee condos, if you like the building put the offer in and look at the condo docs. As long as the building doesn't have a pool, usually you are receiving value for the fee, unless there were recent envelope issues. Some buildings in the beltline still have common electricity for example.
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Good points regarding HOA fees. If there is a lot included, it might make sense.
A swing of $300 from one unit to another is not negligible. That's like $80K or so on a monthly mortgage payment I'd guess (so difference between being able to afford $300K and $380K).
Quote:
Originally Posted by MichaelS
One neighbourhood to consider might be Windsor Park. It has quite a few condos on the south edge (between 58th and 56th Ave) and is across the street from Chinook Mall. It also has great transit connections (the #72/73 on 58th ave, #3 on Elbow Dr) for much of the city, and the Britannia Plaza area is turning into a great hub with a couple of new mixed use projects under development.
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Great area, but wouldn't that be virtually a suburb? Going the other direction, that would be north of McKnight.