The Real Estate Podcast
Don't Fear the Condo Fees: What Buyers Need to Know | The Real Estate Podcast EP336
In this episode of The Real Estate Podcast, Adrian and Ariel break down the truth about condo fees, especially in the context of freehold townhomes with common element fees. They discuss common misconceptions, what buyers should look out for, and why these types of homes might actually be your best path into the market. Whether you're a first-time homebuyer, real estate agent, or just navigating the GTA market, this episode has essential insights for you.
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0:22– Intro
5:36 – What’s a common element townhouse?
6:02 –What do condo fees cover?
10:20 – Comparing fees to increased mortgage payments
12:16 – Are freeholds really free? Taxes and more
13:46 – Why Canadians are selling U.S. properties
15:11– Could the CAD recover?
17:13 – Advising first-time buyers on condo fees
19:36 – Realtors: Do your due diligence!
20:26 –The water heater rental mistake
22:50 – Outro/recap
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Want more real estate podcast discussions?
Watch it here: youtu.be/uLhNb8fdHt4
Listen to it here: https://open.spotify.com/show/1pwncyet9NydbgTmx5D21k
Catch clips and highlights of the show here: http://www.instagram.com/kormendytrott
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Our Social:
Instagram: http://www.instagram.com/kormendytrott
YouTube: www.youtube.com/user/kormendytrott
Facebook: http://www.facebook.com/kormendytrott
Twitter: http://www.twitter.com/KormendyTrott
Spotify: https://open.spotify.com/show/1pwncyet9NydbgTmx5D21k
LinkedIn: http://www.linkedin.com/company/ktrealty
Pinterest: http://www.pinterest.ca/KormendyTrott
TikTok: http://www.tiktok.com/@kormendytrott?lang=en
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In 2011, Ariel Kormendy and Adrian Trott formed The Kormendy Trott Team, now often referred to as KT (thanks to our logo!). The foundation of KT is built on providing unmatched value and attention to detail in everything we do. From our ever-expanding, comprehensive list of exclusive services to our expertly trained team, you will receive the highest level of care throughout your entire real estate journey.
Originally a team of two in Milton, Ontario, the KT Team has grown into a large team of exceptional REALTORS®, a client-care department, and now includes KT media, KT Commercial and KT Property Management to provide our clients with a complete lineup of genuine, professional, and proven services across Halton Region, Peel Region and the surrounding Regions within the Greater Toronto Area.
We’d appreciate it if you’d subscribe and follow us for behind the-scenes footage, real estate tips, industry secrets, exclusive listings, The Real Estate Podcast, and more!
- Broadcast on:
- 21 Apr 2025
In this episode of The Real Estate Podcast, Adrian and Ariel break down the truth about condo fees, especially in the context of freehold townhomes with common element fees. They discuss common misconceptions, what buyers should look out for, and why these types of homes might actually be your best path into the market. Whether you're a first-time homebuyer, real estate agent, or just navigating the GTA market, this episode has essential insights for you.
************************
0:22– Intro
5:36 – What’s a common element townhouse?
6:02 –What do condo fees cover?
10:20 – Comparing fees to increased mortgage payments
12:16 – Are freeholds really free? Taxes and more
13:46 – Why Canadians are selling U.S. properties
15:11– Could the CAD recover?
17:13 – Advising first-time buyers on condo fees
19:36 – Realtors: Do your due diligence!
20:26 –The water heater rental mistake
22:50 – Outro/recap
************************
Want more real estate podcast discussions?
Watch it here: youtu.be/uLhNb8fdHt4
Listen to it here: https://open.spotify.com/show/1pwncyet9NydbgTmx5D21k
Catch clips and highlights of the show here: http://www.instagram.com/kormendytrott
************************
Our Social:
Instagram: http://www.instagram.com/kormendytrott
YouTube: www.youtube.com/user/kormendytrott
Facebook: http://www.facebook.com/kormendytrott
Twitter: http://www.twitter.com/KormendyTrott
Spotify: https://open.spotify.com/show/1pwncyet9NydbgTmx5D21k
LinkedIn: http://www.linkedin.com/company/ktrealty
Pinterest: http://www.pinterest.ca/KormendyTrott
TikTok: http://www.tiktok.com/@kormendytrott?lang=en
************************
In 2011, Ariel Kormendy and Adrian Trott formed The Kormendy Trott Team, now often referred to as KT (thanks to our logo!). The foundation of KT is built on providing unmatched value and attention to detail in everything we do. From our ever-expanding, comprehensive list of exclusive services to our expertly trained team, you will receive the highest level of care throughout your entire real estate journey.
Originally a team of two in Milton, Ontario, the KT Team has grown into a large team of exceptional REALTORS®, a client-care department, and now includes KT media, KT Commercial and KT Property Management to provide our clients with a complete lineup of genuine, professional, and proven services across Halton Region, Peel Region and the surrounding Regions within the Greater Toronto Area.
We’d appreciate it if you’d subscribe and follow us for behind the-scenes footage, real estate tips, industry secrets, exclusive listings, The Real Estate Podcast, and more!