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When purchasing a home there are many costs to consider that go along with home ownership on top of your mortgage payment. One of those costs is the monthly strata fee if you purchase a condominium property. Many home buyers ask, “What exactly is a strata fee and where does my money go?”

Michael Thorne from Re/Max Little Oak Realty in Langley B.C. answers those questions in this informative video.

If you have more questions about strata fees or other costs involved in home ownership don’t hesitate to contact me anytime.