Mandatory Qualifications for Condominium Managers

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Province Moving Forward With First Recommendation from Condominium Act Review: Ontario is working to introduce mandatory qualifications for condominium managers, the first of several anticipated changes from the province’s Condominium Act Review to help increase protections for condominium owners, tenants, and buyers.

As part of the review, an expert group representing condominium owners, residents and industry is looking at what mandatory qualifications for condominium managers should be, and how an independent, regulatory authority to oversee licensing and standards would be set up. The group will be providing its report to government by the end of summer 2013.

In recent years, Ontario’s condominium market has become more complex, making condominium management increasingly important. While many managers are responsible for buildings worth tens or hundreds of millions of dollars with matching operating budgets, managers are not currently required to have training or an understanding of the Condominium Act, by-laws and rules, finances, building maintenance or the contracting out of services like cleaning, landscaping and repairs.

Strengthening protections for the province’s 1.3 million condominium residents is part of the Ontario government’s plan to protect consumers while building a fair, safe and informed marketplace.

Quick Facts

  • Condominiums represent half of all new homes built in Ontario, with about 10 per cent of the province’s population calling a condominium home.
  • There are approximately 600,000 condominium units in Ontario, represented by 9,000 condominium corporations.

Ministry of Consumer Services, July 18, 2013

Source: http://news.ontario.ca/mcs/en/2013/07/mandatory-qualifications-for-condominium-managers-1.html

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Author: AllOntario Team

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