While the new HST may not be applied to monthly condo fees, it is almost a given that condo owners will see an increase in their fees within the next year.

Why?

Condo Associations will definitely see an increase in the services they pay for. Services such as landscaping, boiler, heating and plumbing services, elevator maintenance, janitorial fees, as well as building maintenance and repair services will all increase due to the HST. Who’s going to pay?

The money has to come from somewhere … and that will be through an increase in condo fees.

This entry was posted on Tuesday, June 15th, 2010 at 3:39 pm and is filed under Buying a Home, Real Estate in Vancouver. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.