The Ugly Truth About Toronto Condos – Engineer Tells All

This podcast features Vas interviewing a condo engineer about the current state of the condo market. The discussion covers a range of topics including reserve fund studies, maintenance fees, construction costs, and the quality of new construction. The engineer shares insights on how COVID-19 and inflation have impacted condo finances, the risks associated with new versus old condos, and the complexities of managing condo amenities. They also discuss potential future repricing of condos due to quality and maintenance fee issues, as well as the challenges faced by young people trying to afford homes. The conversation concludes with advice for condo owners on how to be more informed and involved in their condo communities.