this post was submitted on 02 Dec 2024
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Canada
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Here in Ontario I see new condos going up constantly. I can't imagine having a mortgage on a condo, plus paying condo fees forever. Who can afford them?
Isn't it the norm for a property to generate fees forever? It's a passive depreciating asset, just like a house
Yeah. My condo fees have replacedy roof and all of the windows in my townhome over the past 3 years. Plus have mowed the lawn, and plowed the driveway.
They're just smoothing out the cost spikes.