How do condo fees even get this high?

I know condo fees can get ridiculous, but $1780 per month? No wonder this place sold for under $400 per sqft... it's too bad - looks like a really nice place otherwise. Decent location too.

https://housesigma.com/on/north-york-real-estate/2-21-churchill-ave/home/oK8OgYBrejYJmG2X?id_listing=mZRW7n2zNGa7EBO9