Strata fees a continuing headache for buyers<\/p>\n
A prominent factor hindering townhouse sales at present, according to Vancouver broker Vincent Tong (pictured top) of DLC<\/a> Clear Trust Mortgages, is sky-high strata fees \u2013 which are often so prohibitive that buyers overlook that segment of the market entirely.<\/p>\n Those fees are mandatory contributions made by owners in a strata corporation, covering the costs of managing shared spaces and facilities. But the payments can vary significantly from property to property depending on a range of factors, and Tong said they\u2019re an increasingly large impediment to buyers.<\/p>\n \u201cWe do have a lot of buyers in the small entry-level condo market, around the $500,000 to $600,000 purchase price range,\u201d he told Canadian Mortgage Professional. \u201cBut we\u2019re also seeing a lot of activity in the single-family space, the multiplex space – $1.6 million to $2 million. There are a lot of people looking to jump into that phase and kind of skip out on the townhome phase.<\/p>\n
<\/p>\n Toronto condo prices hit 4-year lows, down 21% since 2022. Ownright\u2019s Joel Fox says valuations still don\u2019t match incomes\u2014suggesting more declines ahead.<\/p>\n See what this means for Toronto\u2019s housing outlook.https:\/\/t.co\/GVMW6cCkVg<\/a><\/p>\n
\u201cI think strata fees are weighing down on a lot of individuals. It\u2019s a really big consideration because of the amount in strata costs due to insurance, due to additional claims that we see in stratas nowadays [including] a lot of water damage.\u201d<\/p>\n
\n\u2014 Canadian Mortgage Professional Magazine (@CMPmagazine) September 3, 2025<\/a><\/p>\n