When our son moved out and we decided to right-size our home, we went looking for condos, but there was very little available in our area, at least nothing that was 3 bedroom + priced in our range + located near the subway. We found one condo that had size and location, and while the purchase price was less than a TH across the street, the monthly condo fees were somewhere near $1000/month. That ended up making the monthly expense >30% higher than the TH across the street (which is where we ended up).