Zondo answered
PropTrust’s mortgage dragon
condo fees red flags
Strata fees on this Vancouver condo are $1.20/sqft. Is that too much?
Above $1.20/sqft in Vancouver is a yellow flag — usually means deferred maintenance catching up or a special-assessment cycle starting. Below $0.50/sqft is also suspicious — likely underfunded reserves. Healthy range: $0.55–$0.85/sqft for buildings 20+ years old; $0.40–$0.65 for newer.
What your bank didn’t say
Listing agents almost never volunteer the fees-per-sqft number — they cite the dollar amount, which sounds smaller. Always ask for the depreciation report and the last 3 years of fee history. Two years of 10%+ increases means a special assessment is coming, regardless of what fees look like today.
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PropTrust is a Canadian property data platform. We are not a lender, broker, real estate agent, landlord, or paid advisor. This is information about how the rules work — not advice on your specific situation. For that, talk to a licensed professional.