How Much Are My Condo Fees Per Square Foot?

Attempting to compare Condominium common element fees is like comparing apples to oranges. Always was, always will be.

Let’s examine two identical properties, high rises located in the same geographical area. Both buildings have a pool, party room, security, underground parking and 5 board members.

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Creative Accounting

We will shortly be adding a series of videos aimed at helping homeowners and board members understand their financial statements, both in-house and those presented at the AGM.

In the meantime, I thought this might provide a little comic relief to the nasty snow!

Smaller Condominium Corporations and Self-Management

There are many smaller condominium Corporations popping up all over Ontario. Self management for them makes perfect sense rather than hiring a management firm who will charge a minimum (if you can find one for a community that small). One item I feel is noteworthy in this situation is that it is important that financial matters are handled professionally. Very often you can get accounting services from a local bookkeeper at reasonable rates.

But that is not the point of this article.