Breaking News: Toronto Condo Maintenance Fees Revealed

Maintenance fees have long been a topic of hot debate amongst condo owners and industry professionals. For the first time, we’re able to reveal the true costs and trends thanks to a new database we’ve created, further growing our unique information resources.

Through this maintenance fee study of Toronto condos, with data analyzed from the past 10 years, we’ve discovered a number of surprising truths about the real costs behind those monthly maintenance payments. Susan Pigg, Business Reporter for the Toronto Star, covers this hot topic online today and in tomorrow’s print addition.

For the First Time, we Reveal the Truth & Myths Behind Toronto Condo Maintenance Fees


The above trends are just the starting point of what we’re able to glean from this rich database. We’ll continue to analyze and report on our findings in the coming weeks and months.

If you’re thinking about buying a Toronto condo or you’re a current condo owner who’s concerned about fees, you can view maintenance fee trends for most Toronto condo buildings on our website by signing up for free and becoming a Insider.


Study Methodology

For every condo building in Toronto, we collected all MLS sales for the past 10 years including the reported maintenance fees. Our Team then combined this data with our own database, which contains the exact unit sizes for every Toronto condo along with each building’s amenities, to get a combined picture of sales prices, maintenance fees, square footage sizes and inclusion of parking and/or locker for every condo unit sold in the last decade.

We grouped this info by the year each sale occurred and analyzed the sales using several different algorithms and mathematical techniques (such as Gaussian Elimination for solving systems of linear equations, as well as clustering algorithms to eliminate outliers) to calculate the maintenance fees per square foot for each building, as well as computing the average additional fees per amenity.

The result is that we now have detailed maintenance fee information for over 660 Buildings in Toronto and nearly 900 throughout the GTA, with more on the way. This lets us showcase what the average maintenance fees are for each building and each neighbourhood so that buyers and sellers can see how their building fees compare to the average and to individual, comparable buildings.

Disclaimer: has worked diligently to ensure the accuracy of this information and our calculations including the removal of any small samples and data anomalies that could skew results. However, we cannot guarantee the information with 100% certainty due to factors including but not limited to potential incorrect information entered by listing brokerages or agents on MLS. This information and the views and opinions expressed here are intended for educational purposes only. accepts no liability for the content of this study.

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  • great post/infographic

    • Evgeny Tchebotarev

      I find it crazy that parking spot fees are at $43 average and up to $140 per month on top.

      • we too where shocked with the $140 fee just on a parking at the Panatages Condos.

        • Evgeny Tchebotarev

          But I guess that makes sense — I had to google, but that’s a hotel foremost and condo second, it seems.

          • Technically they are separate corporations but I think a lot of these Hotel Condos push some of their fee’s onto Condo owners.

  • Thanks Brandon

  • PB

    What about maintenance fee breakdown between reserve fund contribution and operating expense portion.
    What about the reserve fund funding model being used…. full funding (user pay) or threshold funding ( make future owners pay)?
    If threshold funding, then what is the reserve fund’s unfunded liability?
    These have a large impact on CEA’s.

    • Unfortunately We don’t have access to that info.

    • DavidPylyp

      That is exactly the right question to ask…. Our building is 26% of budget to reserve, and we are indeed at 73 cents per square foot.

      Let’s look at the highest costs.. Hydro water garbage.
      Concierge staff and cleaning.

      What will you eliminate?

      Unless you compare the same items the measure of a single tower compared to a 3building complex with a mega RECO Center is meaningless.

      David Pylyp

      Start collecting copies of status certificates. In every condo you sell.. I do

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  • Christopher Serrie

    Good web site and great approach to a very impactfull topic. We foresee smaller boutique buildings with fewer amenities but more value driven CAM costs going up in value more than typical glass towers.

  • Christopher Serrie

    Is it time to consider a professional 3rd party condo board that is retained by buildings to oversee operations on their behalf?

    • Great idea. are trying to do something like this.

      • asdffdsa1

        It would seem that these “Fee Fighters” do not know how to pay their own internet hosting bills… I’m not sure that’s a solution Boards should be employing.

  • Christopher Serrie

    As a provider of proprietary building systems that reduce both energy and maintenance costs how would you recommend we get in front of boards interested in reducing their costs?

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  • Julia

    There is no such thing as average condo fee. What is an average car price? It is nonsense. The truth is you have to look for things you can afford. Honda or Ferrari?

    • Just Google “average car price” and you’ll get your answer. $32,086 in 2013.


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  • A dedicated board of director member should be able to find inefficiencies and challenge many of the costs. From my experience, I often see people on boards who are overwhelmed and/or inexperienced with the amount of paperwork to review, and it’s easier for the existing property management to suggest an approach that’s easy to implement but may not exactly be the most cost-effective, which the board members approve for convenience. In that way, the building still operates at a decent rate, but perhaps not as inexpensively as it could. I’ve even heard some people bring forth the idea of a condo board of director being a paid position, to ensure that people take the job seriously and dedicate proper time to the tasks. Of course, that means expenses for the building too, so it has to make logical sense. Interesting idea though.

    • Well said Larissa, A compitent dedicated Board makes the biggest difference.

  • MLS Resident

    You missed Maple Leaf Square. The maintenance fees here are outrageous. It would be nice if you can write an article on how these Boards and Property managment companies can beter manage our funds.

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  • Margie Branco

    Thank-you for making this information available.

    I continuously make suggestions to my condos’ property manager and condo board, as to how we can reduce our maintenance fees, but unfortunately my suggestions and the suggestions of other owners are never considered.
    I agree with Christopher that there should be a 3rd. party that can be retained to help advise and guide.

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  • condocontrolcentral

    Great infogrraphic. Thanks for this!

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