When searching for Friday Harbour condos for sale, many buyers focus on the listing price—but that’s just the beginning. To truly understand the full cost of buying at this luxury waterfront resort in Innisfil, you’ll need to factor in a variety of taxes, condo fees, and other charges. Knowing what to expect can help you plan your budget wisely and avoid surprises down the road.
Friday Harbour Real Estate Costs | What Buyers Need to Budget For
Here’s a complete breakdown of the most common Friday Harbour condo taxes and fees, including land transfer tax, condo maintenance fees, and hidden costs that can catch buyers off guard.
Land Transfer Tax at Friday Harbour
Every home purchase in Ontario comes with a land transfer tax. At Friday Harbour, this is based on the purchase price of your condo.
- Ontario Land Transfer Tax applies to all buyers
- First-time buyers may qualify for a rebate
- A $700,000 condo could result in around $10,475 in land transfer tax
Tip: Use a Friday Harbour land transfer tax estimate calculator to get an exact number.
Monthly Condo Maintenance Fees
Also called condo fees, these are recurring monthly costs that cover building upkeep and shared amenities like the marina, boardwalk, beach club, and security.
- Fees can range from $0.50–$0.70 per square foot
- A 900 sq ft condo may cost $450–$630/month
- Includes snow removal, landscaping, garbage, and common area maintenance
“Buyers should ask for the condo’s fee schedule during their offer process,” says Karin Rotem, the #1 real estate agent at The Harbour. “These fees are essential for maintaining the lifestyle that Friday Harbour is known for.”
Utility & Service Costs
Some services may be included in your condo fees, but not all. You’ll likely be responsible for:
- Hydro
- Water
- Internet and cable
- Contents insurance
Expect to budget an additional $150–$300/month depending on your usage and provider.
Reserve Fund Contributions
When you buy into a condo community, a portion of your closing costs may go toward the building’s reserve fund.
- This is a one-time fee
- Often equal to 1–3 months of condo fees
- Used for major future repairs like roofing or elevators
Status Certificate Fee
Before closing, your real estate lawyer will request a status certificate from the condo corporation. This document outlines financial health and any upcoming special assessments.
- Standard fee: ~$100–$150
- Paid by the buyer
Legal Fees & Closing Costs
Legal representation is required for all Ontario condo purchases.
- Expect legal fees between $1,200–$2,000
- Additional disbursements may apply (title search, registration, etc.)
Karin Rotem notes: “A good real estate lawyer will help you calculate Friday Harbour buyer closing costs ahead of time, so there are no last-minute surprises.”
HST Considerations
Most Friday Harbour condo resales are exempt from HST. However, if you’re buying from a builder, HST may be included or extra depending on the terms of the agreement.
Special Assessments or Hidden Fees
Occasionally, condo boards issue special assessments to fund major repairs.
- Not common, but important to check the status certificate
- Ask if any planned increases or one-time fees are coming soon
“Don’t be afraid to ask your agent about hidden condo costs at Friday Harbour,” Karin says. “That’s what we’re here for—to make sure you know exactly what you’re walking into.”
What You’ll Really Pay for a Friday Harbour Condo | Fees, Taxes & Charges
To sum it up, here’s what to include in your budget when buying at Friday Harbour:
- Land transfer tax
- Monthly condo maintenance fees
- Reserve fund contribution (one-time)
- Legal fees and disbursements
- Utilities and insurance
- Status certificate fee
- Possible special assessments
Ready to Own a Waterfront Condo?
Understanding the full Friday Harbour condo tax breakdown can help you make smarter decisions. Whether you’re buying a vacation retreat or a full-time residence, expert guidance makes all the difference.
📞 Contact Karin Rotem today to get your Friday Harbour condo cost estimate, compare taxes and fees, and book a personalized real estate consultation. With her deep knowledge of the Innisfil market and proven track record, Karin will help you find the right condo—without surprises.
