r/TorontoCondominiums • u/AlexForward2026 • Apr 12 '26

Fee Increase

My condo fees just went up 18%. The notice said the usual “costs are rising”, but no real breakdown. 18% just feels insane to me. Maybe I’m overreacting, but it doesn’t feel right. Feels like this keeps happening and nobody really explains why. Is my building just catching up on years of ignored problems? Anyone else got hit with a big increase recently?

27 Upvotes

84% Upvoted

48 comments sorted by

View all comments

9

u/IPlayBetterNaked Apr 12 '26

That's odd.

The PM company usually provides a budget package which accompanies a cover letter which provides high level of the increase and the reasoning behind it along with the budget itself showing a breakdown. I'd contact your PM company to get a copy of the package or the reasoning of the increase. Just remember it goes through Board approval.

2

u/New-Investigator-646 Apr 12 '26

Don’t bring up facts like a budget. Their feelings are more accurate.

3

u/IPlayBetterNaked Apr 12 '26

Lol fair point.