Toronto Condos Fees and Property Values statistics by Towns, Neighbourhoods, Corridors

Data 2020: Condo Fees and Market Values Averages

NATALIA GORYACHEVA &. NATALIA DUDNIKOVA FEBRUARY, 2021 CONDO BUSINESS INTELLIGENCE CANADA

www.condo-benchmarking.ca

The measures highlight key indicators of Greater Toronto Area Condo Industry. The Key Metrics explored should help to identify overall trends and might be useful to condo owners, potential condo investors, and realtors to facilitate the decision-making process.

This report presents averages indicators of condo fees, condo fees annual growth, condo market values and condo market values annual growth that were based on the end-of-year 2020 public information of such websites as:

www.strata.ca

www.condos.ca

The report just represents a set of calculated metrics and trends by www.condo–benchmarking.ca

Condo-Benchmarking, Inc. All Rights Reserved. Reproduction of these materials in any form without prior written permission is forbidden. The information contained herein has been obtained from sources believed to be reliable. Condo-Benchmarking disclaims all warranties as to the accuracy, completeness or adequacy of such information. Condo-Benchmarking shall have no liability for errors, omissions, or inadequacies in the information contained herein or for interpretations thereof. The reader assumes sole responsibility for the selection of these materials to achieve their intended results. The opinions expressed herein are subject to change without notice.

We decided to start Condo Fees Statistics Trends monitoring because “Toronto condo” which originally was intended as a cheaper alternative to housing, is becoming much more expensive. However, such a situation is not the same for other Canadian provinces. Some of them have much lower maintenance fees.

We are committed to understanding why condo fees of GTA are so different from other Canadian provinces and look for ways to make condo fees more efficient, more affordable, and condo life more comfortable!

We are committed to understanding why the difference in condo fees levels of close provinces is so high!

One of the major purposes of CondoBI Canada is to collect information about the best and the worst practice of the condo industry in Ontario, in Canada, and Internationally, analyze and develop benchmarks and show condo communities possible ways to decrease maintenance fees and improve the quality of services!