34% of Calgary condo buyers not confident they could afford condo fee increase

CALGARY — Many Calgary condo owners are not aware that their monthly condo fees can increase at any time, says a report released Thursday by TD Canada Trust.

A survey of condo buyers in Toronto, Montreal, Calgary and Vancouver found that 66 per cent of buyers in Calgary didn’t realize condo fees could increase at any time. It also found that 34 per cent of them are not confident they could afford a condo fee increase.

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