A unit can be beautiful and the building can be a financial problem. CondosReview.com rates the structure, not the suite — reserve fund health, maintenance fees, management quality, and resale performance.
Phase 1 profiles cover major buildings across the downtown core, midtown, and inner suburbs. Each profile pulls from status certificate data, management records, and verified owner input.
Every rating draws from public records, status certificate data, and verified owner input. We rate the corporation, not the individual unit. Four categories, weighted by financial impact.
The reserve fund covers major repairs: roofs, elevators, parking structures, HVAC systems. An underfunded reserve is the biggest financial risk a condo buyer faces. We pull funding study data where available and flag buildings with less than 70% funding.
We track per-sqft maintenance fees against comparable buildings in the same neighbourhood, age range, and amenity level. A high fee isn't always bad. An unjustifiably high fee for what's included — that is.
Responsiveness to repair requests, AGM conduct, financial transparency, and owner satisfaction. Management company turnover is a red flag. Consistent management with documented financial reporting is a green one.
How units in this building perform relative to comparable buildings in the same submarket. Days on market, sale-to-list ratio, and five-year price appreciation. A well-run building is a better investment.
The unit is what you see. The building is what you own a share of. These guides cover the parts most buyers skip.
Status certificates, reserve fund studies, and what the numbers actually mean. The red flags most buyers miss because they don't know to look.
Read the guide →Why fees range from $0.59 to $1.50+ per square foot, what's included, and how to judge whether a fee is reasonable for what you're getting.
Read the guide →Eight warning signs that a building is a financial risk. Underfunded reserves, high arrears, management turnover, deferred repairs. What each one means for your purchase.
Read the guide →Pre-con has no track record. Resale has a status certificate that shows everything. Which is lower risk depends on what you're buying and why.
Read the guide →Toronto's condo submarkets differ in building age, amenity level, investor ownership rates, and resale dynamics. What each area looks like on the ground.
Read the guide →Twelve items to review before making an offer on any condo. Covers the status certificate, financials, reserve fund, management, and the questions to ask your agent.
Get the checklist →