Is there a limit on how much strata corporations can increase fees?

Dear Tony: Is there a simple answer to the limit on increases for annual strata fees? Our strata is proposing a 30% increase in fees this year so we can pay for our new roof without special levies in three years. We found information on a website that indicates there is a 10% limit but cannot find it anywhere in the legislation. No one can afford a 30% increase which raises our fees from $400 a month to $520 a month. It means out of a $520, we are contributing $200 a month to contingency, which far exceeds the 10% limit.    Read the Q&A…………..


Related Articles

Can property managers or strata corporations charge extra fees? (BC)

Dear Tony: We requested a meeting with our council or manager to be able to view our documents of the

New Condo Authority launches online resources for condo owners and directors

Condo owners, residents and directors will now have access to a trusted source of information and resources thanks to the

Edmonton condo-lawyer has little sympathy for Oliver Garden residents

One Edmonton condo-lawyer isn’t too sympathetic to the plight of the owners of the Oliver Gardens condos. Robert Noce believes