Lately new condo builds in Toronto will have an in-unit heat pump that fails within 5 years (and May or may not sound like a spaceship), with a coolant line going to a central unit that’ll have a geothermal/auxiliary heating/cooling loop, that also tends to fail.
All in all, a stupid system in practice. Only benefit of it all is that you don’t have to wait for the building to change between heating or cooling mode.
At least we tend to still have central hot water and don’t meter water yet. Metering can make a lot of sense, but not when your account fee is $15-$20/month. Any reduction in use just means some rich dude goes on more jet vacations.