Ritz-Carlton Residences Top Toronto Condo Maintenance Fees: Report
AI-generated image · Bay Street Wire
A new report reveals the staggering gap in maintenance costs across the GTA, with luxury towers leading the charge in monthly expenses.
A report from digital real estate platform Wahi has exposed the vast disparity in condo maintenance fees across the Greater Toronto Area, highlighting a gap of as much as $2,000 in monthly costs. According to reporting by BlogTO, Wahi analyzed 2025 sales data from roughly 2,000 buildings, specifically comparing one-bedroom units in developments that saw at least three sales in the previous year.
The findings identify the Ritz-Carlton Residences Toronto as having the city's highest median maintenance fee at $2,275 per month—a figure that exceeds the next highest-ranked building by approximately $1,000. The report notes that the median price for a one-bedroom unit at the Ritz-Carlton was $1,987,500, double the price of the second-highest entry analyzed.
While maintenance fees typically cover building insurance, amenities, and reserve funds for major repairs, Wahi notes that inclusions vary. For instance, The Crofton, a midtown co-ownership building with some of the highest charges, offers all-inclusive fees that cover hydro, cable, internet, and property taxes.
Data shows a clear divide based on location and age. Nine of the ten buildings with the highest fees are in Toronto, with seven completed in 1991 or earlier. Conversely, the lowest fees were concentrated in Markham, Clarington, Scarborough, and North York, primarily in buildings completed within the last eight years. Median monthly fees across the GTA ranged from $254 to $2,275.