One more reason Toronto’s condo market is crazier than Vancouver’s

One more reason Toronto’s condo market is crazier than Vancouver’s

(Image: Benny Lin) 

The latest expletive-laced tirade from Toronto-based FML Listings goes beyond ranting over $1.6-million bungalows and tackles the issue of maintenance fees—specifically, who’s more screwed when it comes to such fees: Toronto or Vancouver. Sadly, after a couple of hours of research, the anonymous blogger Melissa Hart concludes that Torontonians are way worse off: “I was hard pressed to find any maintenance in Vancouver that was over $500 a month if it wasn’t a massive unit. Meanwhile in Toronto, I can barely find a condo UNDER $500 a month. So, what’s up with that?” That rhetorical question may be answered by a recent TD Canada Trust poll of condo buyers in Vancouver, Calgary, Toronto and Montreal. The results say Torontonians are suckers willing to pay the highest monthly fees for convenience and amenities, with 40 per cent willing to pay more than $400 per month versus 21 per cent nationally. But hey, some of the condos here come equipped with bowling alleys now, so maybe it’s kind of worth it? Probably not. [FML Listings]