Toronto condo owners in 1000+ sq ft units paying maintenance around $1/sq ft as a primary residence… do rising fees ever stress you out when thinking about resale 5–10 years from now?
I get that maintenance covers a lot (especially in mid-aged buildings): utilities, internet in some building, exterior upkeep, amenities, less day-to-day hassle. Predictable cash flow vs. freeholds. Plus there’s real value in paying for convenience and peace of mind.
But psychologically, for those who own larger condos and plan to stay long term,
do you ever worry that if fees keep climbing every year, future buyers may get turned off even if the unit itself is great?
do you see rising fees as just the cost of ownership/inflation? Or as a real resale risk later?
Has it changed how long you plan to hold?
Trying to understand how existing owners genuinely think/feel about this financially and emotionally.