^^Excellent analysis by Roy for the GTA market, and I think I would add to the list:
- the type of heating / cooling system the building uses. Most new buildings have their own heatpump system, whereby you pay for your own useage, however some of the older buildings are centrally controlled and the cost is split between the units.
- the size of the building, and the types of amenities. Pools and concierges cost a lot of money, but in a large building this is spread out. In a smaller building with such amenities the cost can skyrocket.
- Also, do not forget that the hydro for the common elements is predicted at the time the building is first being sold, so by the time the building is built, the budget could be misaligned.