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 Maintainence Fee Hike

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nookie188
post Aug 26 2015, 12:29 PM

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QUOTE(butthead76 @ Aug 26 2015, 12:19 PM)
Now based on shared units instead of sqft. Also, accessory parcel now need to pay fees. All these based on new Strata Management Act.

I would expect a shift in rental rate across the board to cover this increase in fees.

Also, GST play a minor role too. GST from contractors services.
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increasing rental in current time is a bit tricky to do..unless of course your unit has strong demand ..

increasing costs making it very challenging for owners to get a decent rental yield.

 

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