Can you believe that, it’s incredible… there’s thousands and thousands empty condos in Montréal, a lot are new, and they continue to build them, sometimes even in high rising towers and all. A lot of them are illegal airbnb too.
Why they cannot sell them? They are small, expensive, and sometimes badly placed (no metro, no parking, bad area, place without services around, etc).
13 in 3 months in downtown area!!!
Condo fees in toronto are absolutely insane. More than my whole mortgage in many cases. No pool, no facilitirs, no concierge and yet somehow condo fee still $500+, i dont get it.
My condo fees in montreal are mostly reasonable.
As a condo owner, you should have access to the building’s financial documents. You can look at where all the money is going, and if something is wasteful, bring it up at the co-owners meeting.