How much does a condo property manager cost in Montreal?
In Montreal, condo board management fees typically range from $35 to $65 per unit per month depending on building size, mandate complexity, and included services. Modular packages let you match services to your actual needs.
What are typical condo management fees in Montreal?
Fees for a professional condo property manager in Montreal are generally calculated per unit. For small buildings (6–12 units), expect $35–$45 per unit per month. Mid-size buildings (13–40 units) typically fall between $45–$60 per unit. Larger complexes (40+ units) often benefit from economies of scale with rates starting around $30–$40 per unit.
Professional management vs. self-management: an ROI question
It is tempting to compare the cost of a manager against zero for self-management. But self-management has real costs: volunteer director time, accounting errors, inconsistent maintenance follow-up, and legal exposure if Law 141 obligations are not met. For a 20-unit building, a professional manager at $50/unit costs $1,000/month — about $12,000/year. One avoided special assessment from a well-managed reserve fund can offset several years of management fees.
How to evaluate and compare management proposals
Before signing a management contract, ask for a detailed proposal covering: services included in the base fee, services billed as extras, contract duration and termination terms, guaranteed response times (emergencies vs. routine), and reporting tools available to the board.