Quote:
Originally Posted by lrt's friend
Housing prices have skyrocketed across the board particularly during COVID. They have also gone down since then. Changing mill rates for condos will further destabilize the housing market with unpredictable consequences. Is that even within municipal control? Be careful what we hope for.
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Urban high-rise condos have less frontage meaning less roads, water and electric lines, sewers, etc. for the city to maintain. The fact that the condo association has to internalize costs like utility distribution, its "roads" aka corridors and garbage collection isn't exactly fair.
Out of curiosity, I viewed a 2 bedroom unit at the Barclay. It was unrenovated and had old original cabinets and fixtures from the 1970s. It was valued over 600K, taxes were over 5K and condo fees at 10K a year. Tell me how a suburban SFH pays its fair share again?
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