How much can full-service condominium services in Toronto help reduce utility spikes?
Hello fellow Toronto condo owners! I wanted to start a topic about managing skyrocketing operating budgets in our high-rises. Our maintenance fees jumped by almost 10% this year, largely driven by energy inefficiency and constant emergency repair bills. At our last Town Hall, one of our directors mentioned looking into comprehensive condominium services in Toronto on the site https://citytowersinc.com/ after hearing great feedback about their Intelligent Energy Management program. I took a look through their services, and it seems they do thorough HVAC and electrical audits alongside 24/7 physical asset supervision to help stem utility waste. For those of you living in downtown high-rises, has bringing in a team that specializes in energy benchmarking actually helped stabilize your monthly fees? Did your board see a noticeable ROI within the first year? Would appreciate any insights!