In the Globe and Mail July 25 2003 edition, an article from real estate experts predict the condominium fees will increase 100 per cent over the next 10 years
“You can be reasonably certain maintenance costs will increase 100 per cent over the next 10 years.
For some lucky people it may be 15”
We validate this forecast with 4 low-rise condominium complex in 2015 :
– Old Montreal, 20 Des Sœurs-Grises, 6 floors, 80 units
– Griffintown, Lowney phase 6, 950 Notre-Dame West, 10 floors, 346 units
– Nuns’ Island, Sax, 210 – 230 Ch du Golf, 6-7 floors, 98 units, 75 units, 109 units
From 2005 to 2015, for condominiums built before 2005, maintenance fees have doubled. For condominiums built after 2005, the fees trends are to double by 2020.
