Maintenance Fees Questions?

[Ex-Montreal Girl]

The "boarder" thing is tricky because a few of the older residents have foreign students with them as a supplement to their pensions and just for company.

I know that, before I moved in, there was somebody running a B&B. But that was stopped as soon as it was discovered.

It's possible -- although I don't know if anybody has ever done this -- that some people might want to sublet in the future if they are on extended trips or sabbaticals.

 

[Condo Madness]

It all depends on the declaration. The developers now want to sell units as "investments" as small-time landlords, speculators and flippers are a bigger portion of the market than owner-residents.

 

[Toronto lover]

The maintenance fees might go up due to a deficit in the previous years budget and/or Increased contributions to the reserve fund etc. I would talk to a knowledgeable realtor to answer questions like these, you should try www.torontorealtyblog.com for info.