Condo Smarts: Is there a limit to raising strata fees?

Dear Tony: Our building is only seven years old, and with the addition of a resident caretaker and concierge to manage our property, our strata is facing a massive increase in our condo fees this year.  My monthly fees for a one-bedroom have gone from $419 a month in 2015 to $829 for 2018. Almost a 100 per cent increase. If we continue to increase our fees at this rate, our units will no longer be affordable as several owners in the building are now facing a serious financial problem.     Read the Q&A……………….

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