Condo living in Waterloo Region

[Spokes]

That's shocking to me.

Condo fees scare a lot of people off though.

And many people don't realize that the condo fees on new buildings are rather optimistic, and are bound to go up. 

But if you don't realize it, it looks like may $0.20/sqft extra in condo fees, that's $240/month or almost $3000/year. If people are looking at solely their payments, that may look like it's as expensive (in terms of total monthly payments) as a new unit priced $100K higher. And on top of that, many people still love "new".

Often by a significant amount too.