You are buying into a strata
A condo comes with a share of the building. The strata corporation decides on repairs, fees and rules, and every owner pays for them.
A well-run building with good savings protects your costs and resale value more than nice finishes do.
Read the depreciation report
It lists the repairs the building will need over 30 years and their likely cost. Compare that with the contingency reserve fund.
A big gap between the two usually means higher fees or a special levy later.
Ask about special levies
A levy that is approved or planned can add thousands to your cost. Read the minutes from the last two years and ask the strata manager in writing.
Your contract can say who pays a levy approved before completion.
Check the bylaws
Bylaws set the rules on rentals, pets, short-term stays and renovations. You can make your offer subject to reading them.
Compare inside one building
Units in the same building share the same fees, repairs and rules. Comparing them side by side is a good way to judge price.