Quote:
Originally Posted by stewie
Got my AGM papers in the mail yesterday. See that my strata fee is again increasing as expected. What are some of your guys' fees?
Mines going up to just shy of 500 now for about 950 sq/ft. Building is was built in late 90's in Langley and only has an amenities room. New roof/balconies a year prior to purchase, water pipes redone last summer, fee does include gas. Building is in great condition.
We plan on leaving next September and taking over my spouses parents house. Their mortgage is paid off and they currently live in downstairs suite and rent the top out - 4 br/3 bth, 2 above ground floors. Plan is to sell our place and "rent" from them until they're ready to one day move out and use the rent we've been giving them as a down payment.
But my original question is about strata fees and what your prices are, just so I can get a comparison and general idea of what it would be like elsewhere.
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Care to post your strata financial statements? That would give us an idea of where the money is going.
Most times people on strata have no concept of fiscal responsibility so money gets wasted on silly things.
Look at the revenues and expenses, look at the contingency fund, look if there are special levies coming up or reports. Look for anything that looks off expense wise.