In this great article recently published by Condos.ca they break down condo maintenance fees and also providing a answers to some frequently answered questions by buyers and even current condo residents. I believe that it is so important for condo residents to participate in their condo general meetings to make sure they know exactly where their fees are going and also so that they can have their say in how funds should be used. Condo owners should all be aware of who is managing your building and not be afraid to speak up if they feel their building is being missmanaged.
This article is a great read for all. http://condos.ca/blog/breaking-news-toronto-condo-maintenance-fees-revealed/