Strata Fees-Too High, Too Low, or Just Right?

Strata fees always get the attention of Buyers because they add to the monthly costs of owning a strata property & in the calculation of how you qualify for a mortgage.

When Buyers say "oh good, the monthlies are low", I know they don't fully understand the impact.  Low fees mean a greater chance of levies in the future as the contingency fund can't support any major expenditures.

If monthly fees are very high, we want to know why too.  

What is the right amount?  Strata fees have gone up in the last few years due to increased costs of insurance & maintenance.  On average, they are going up 8.7%/year per Condo Clear Services

Reading the Depreciation Report, Financials,  & Annual General Meeting minutes will give you more insight into the reasons for the amounts charged each month.


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