Condo fees across the GTA have risen sharply in recent years. Insurance premiums, energy costs, wages and repairs to buildings from the 2000s building boom are all pushing budgets up. If your fee just jumped, here is what is behind it, what you can and cannot challenge, and what to do next.
Why condo fees go up
- Reserve fund studies. Ontario condos must have a reserve fund study done every three years. If it shows the fund is too low for future repairs like roofs, elevators, windows or garages, the board must increase contributions.
- Insurance. Building insurance premiums and deductibles have risen across Canada, especially after water damage claims.
- Utilities and contracts. Heat, hydro, water, security and cleaning costs rise every year.
- Deferred maintenance. Buildings that kept fees artificially low for years often face large catch-up increases.
Can the board just raise fees?
Yes. In Ontario, the board sets the annual budget and common expense fees; owners do not vote on it, and there is no legal cap on increases. The board must give owners a copy of the budget, and major changes to reserve fund contributions must follow the reserve fund study.
What you can do
- Ask for the records. Owners have the right to request the budget, financial statements and reserve fund study. If the corporation refuses a proper records request, you can file a case with the Condominium Authority Tribunal. The same tribunal hears disputes about smoke and odours between units, which we cover in what to do when a condo neighbour is smoking.
- Go to the annual general meeting. Ask how the increase was calculated and what the reserve fund plan looks like for the next five years.
- Requisition a meeting. Owners of at least 15 per cent of the units can requisition an owners’ meeting, for example to discuss spending or to remove directors.
- Run for the board. Boards are volunteers. Owners who get involved have the most influence on budgets.
- Watch for special assessments. A larger fee increase now can be better than a one-time special assessment of thousands of dollars later.
If the fee no longer fits your budget
Talk to your lender early if you are worried about payments. Unpaid condo fees can lead to a lien on your unit, and the corporation can eventually enforce it like a mortgage. If you decide to sell, a well-funded reserve and a recent fee increase that fixed the shortfall can actually reassure buyers. See our guide to selling in the GTA.
If you are buying a condo
- Compare the fee per square foot with similar buildings nearby.
- Read the status certificate for planned increases and special assessments.
- Look at the reserve fund balance against the study’s recommended amount.
- Ask what the fee includes: heat, hydro, water, parking and internet vary by building.
More: house vs condo costs and resolving condo disputes. HomeLife Landmark Realty Inc., Brokerage.
General information as of September 2026, not legal advice.