New data exposes a wide range in monthly maintenance fees across the Greater Toronto Area
Monthly maintenance fees for one-bedroom condo units across the Greater Toronto Area (GTA) range from $254 to $2,275. That's a spread of more than $2,000 that exposes how ownership costs diverge across Canada's largest housing market, according to new data from digital real estate platform Wahi.
Published July 27, the analysis reviewed 2025 sales records from approximately 2,000 existing condo buildings, using one-bedroom units as the benchmark and requiring a minimum of three sales per building.
Data was drawn from Information Technology Systems Ontario (ITSO) and the Toronto Regional Real Estate Board (TRREB).
At the top of the fee ladder, the Ritz-Carlton Residences Toronto commanded a median monthly charge of $2,275. That's more than $1,000 above the next-ranked building. The median price of a one-bedroom unit in that downtown luxury tower was $1,987,500, more than double the next priciest entry on the list.
Where fees fall lowest
The developments at the lower end of the spectrum were mostly completed within the past eight years and clustered toward the suburban margins of the region — in North York, Scarborough, Clarington, and Markham.
Newer buildings benefit from shorter maintenance histories and reserve funds that have had less time to draw down.
One-bedroom prices in the lowest-fee buildings ranged from $399,000 to $553,000, compared with $465,000 to nearly $2 million in the highest-fee tier.
That gap carries direct implications for mortgage qualification: a buyer who can technically afford a purchase price may still struggle once monthly maintenance charges are factored into gross debt service calculations, an underappreciated friction in a market already testing borrower limits.
Not all fees cover the same expenses. At The Crofton, a midtown Toronto co-ownership building among the highest-fee entries, the monthly charge is all-inclusive — covering property taxes, cable, internet, and hydro — a reminder that headline figures require context before building-to-building comparisons are made.
Age as a cost driver
Building age was the sharpest dividing line. Seven of the 10 developments with the highest fees were completed in 1991 or earlier, and nine of those ten sit within the City of Toronto.
Older buildings accumulate higher charges as reserve funds absorb decades of deferred maintenance, capital replacements, and aging shared infrastructure.
Brokers advising clients through the GTA's prolonged condo downturn have flagged this dynamic repeatedly.
Micky Khaneka of MKG Mortgages in Toronto, who has discussed Toronto's condo market and its persistent structural challenges with Canadian Mortgage Professional, said carrying costs continue to deter both buyers and investors.
"The rates, at this point, still don't make sense when you add in the monthly mortgage payment or property tax and throw in the maintenance fees," he previously told CMP.
"It's just not an attractive product."
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