Not necessarily. High fees in a well-run building with a fully-funded sinking fund and lots of amenities can be money well spent. High fees in a poorly-managed building with deferred maintenance and a low sinking fund are a serious warning sign.
Compare fees against similar buildings nearby. Look at what's included — pool, gym, lift, concierge all cost money. A 'cheap' building with no sinking fund is usually heading for big special levies, which makes the cheap fees an illusion.
Compare written fee proposals from strata managers covering your building — free for owners corporations, no obligation.