TORONTO Condominiums that Decreased Maintenance Fees

10.4 % of Toronto Condos Decreased Maintenance Fees by 1.5% - 28.9 % for the First 3 Years after Registration      

POSTED ON JANUARY 18, 2021 BY NATALIA GORYACHEVA (CMA of USA) & NATALIA DUDNIKOVA

CondoBI investigated tendencies of GTA condominiums' maintenance fees change for the first 3 years and revealed that different condominiums have different maintenance fees tendencies 

In the article 18.5 % of Toronto Condos Increased Maintenance Fees by 20% and Higher for the First 3 Years after Registration we discussed the list of the condominiums that increased maintenance fees dramatically during the first 3 years. But it has been revealed that a significant part of condominiums have decreased maintenance fees. 6 condominiums of the sample decreased maintenance fees by 10 % - 28.9 %.

Maintenance Fees Decrease and Increase Based on a sample of 307 Toronto and GTA Buildings 

The map below shows the buildings' locations and the graphs 3 and 4 shows the list of the buildings, the maintenance fees decrease percentage, maintenance fees of the 3rd year after registration and property management companies related to those buildings.

The information has been taken from publicly available resources "As Is" and we would greatly appreciate if you send us a notice in comments below finding errors on the page.

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