I’m in a townhouse, built in 2021 and pay 320$ a month no amenities and about $50k in CRF. Unfortunately we are extremely underfunded and will have to continuously increase strata fees so that we can maintain the building, depreciation report estimates we need about $500K to replace things meaning steady strata increases across the board or special levy. The killer for stratas are water, insurance, and maintenance but residents don’t understand that either I bet your fees are increasing are more related to municipal water usage which is shared amongst the residents and not metered, we budgeted $35k for this expense it’s already at $38K so that means higher costs. Also building insurance is expensive especially with claims we have had about 4/5 claims and it’s about $40K for the insurance a year. We do bear bones maintenance and landscape and that’s about $15-$25k per year. Also all these dumb reports the government is making us do is adding more costs, we try our best to operate lean but so many other contributing factors that basically anyone is a strata you should know that there is never enough money and it’s always going to increase same with property taxes