Rant: Just crunched the numbers on my condo fees for 2025

I was looking at my budget for next year and realized my condo fees went up 12% over the last 3 years. That's like $180 more a month now for the same place in Oliver. Does anyone else feel like these increases are getting out of hand or is it just my building?

3 comments

3 Comments

abby_king222mo ago

12% over 3 years is steep, but condo fees usually go up with insurance and building maintenance costs. Probably more increases coming with property taxes going up too.

kim.emma2mo ago

Ugh @abby_king22 you're so right, it's rough out here for everyone right now.

tyler6149d ago

Nah, I gotta push back on that "rough for everyone" take. Plenty of people are doing fine right now. My buddy just got a 15% raise at his tech job and bought a house in this market, no problem. Condo fees going up sucks yeah, but if you bought 5+ years ago you're still way ahead on equity. Feels like the people struggling just spent too much on avocado toast and Netflix subscriptions back when rates were low lol.