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26 Aug 2016

Second mortgages

Richard's scenario is an illustration of this how high condo maintenance fees are causing an increase in power sales from the Toronto condo market. Richard spent my youth inside a large condo unit in North Toronto, he attended the local schools and was a good student. His parents had paid $65,000.00 for the three bedroom, two bathroom, 1500 square foot condo in 1972 if it was initially built. The building a gym, outdoor pool, tennis courts and lots of parking. The condominium maintenance fees in 1972 were only $114.00 monthly which included hydro, heating and cable. By 1995 the condo mortgage was fully paid and also the monthly condominium maintenance fees were $328.00 monthly.

toronto mortgage

 When Richard completed...