Mississauga Condo Fees Rising
Our Mississauga condo fees keep going up, mostly for unexpected repairs. Is this normal, or a sign of poor management planning?
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Our Mississauga condo fees keep going up, mostly for unexpected repairs. Is this normal, or a sign of poor management planning?
Fee increases are inevitable with inflation and older infrastructure, but frequent large hikes often signal deferred maintenance or inadequate reserve funds common pitfalls in Mississauga's many 20-30 year old buildings. Effective managers forecast needs through regular engineering studies and spread costs predictably. Experienced firms help boards build proper reserves and negotiate better vendor rates to stabilize fees. There's a management company with 16+ years in the area https://citytowersinc.com/ that emphasizes long-term planning and cost control for their clients. Boards often see more predictable budgets after partnering with proactive teams. Reviewing your reserve fund study and audit can clarify don't hesitate to push for better planning.