MT Condominium Group Responds To Toronto Star Article "Killer Condo Fees"

We read with interest the article about Craig Gagliano, his views on condominium fees and how they lowered them by 30% in his building. While we understand the concern about high common expenses we were concerned by the approach taken by this board.

We have over 30 years of experience working in the industry as lawyers for condominium corporations and feel that the suggestion that common expenses can be "kept down" to make the units more marketable is a short-sighted approach to the issue of ever-increasing condominium fees. It should be noted that the same increases are being incurred by house owners, as all costs are rising. If all other condominiums have fees that are double the Toy Factory's then there must be a good reason. The board of the Toy Factory Lofts cannot be the only smart condominium board in the GTA.