Worried about condo fees? Here’s how to avoid getting caught off-guard (ON)

David Fleming has sold hundreds of houses and plenty of apartments, but in his 13 years as a realtor, there’s only one kind of home he refuses to sell — pre-construction condos.  “You’re buying a piece of paper,” he says. “There is no hole in the ground yet. Everything can change and usually does.”  That includes maintenance and condo fees, which can sometimes double from the estimated rates cited during the sales stage, as condo boards scramble to fill reserve funds once tenants have moved in, say a handful of realtors consulted by the Star.    Read the article………………..

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