News & Media
Ontario condo buyers grapple with monthly fees amid slow rollout of new rules
September 17, 2017
Ontario condo buyers grapple with monthly fees amid slow rollout of new rules
When Joe Byer bought a condo in a 24-storey downtown building in 2009, he and his wife were attracted in part by the appealingly low monthly fee: $400 for the two-bedroom unit. After about a year, recalls Mr. Byer, an IT sales manager, the owners and condo board directors began looking more closely at the 20-year-old building’s upkeep and discovered a growing list of long-ignored repairs.