On July 25, 2017, the Minister of Government and Consumer Services announced new protections for Ontario condominiums.
Changes being implemented this fall include:
Mandatory updates regarding the condo corporation to improve communication between boards and unit owners
Disclosure requirements for directors (i.e. whether they are owners or occupiers of units in the condo or have interests in contracts involving the corporation)
Mandatory training for directors to improve management of condos
Clearer rulesfor owners to access records of their condo corporation
New notices, quorum, and voting rules for easier participation in meetings
Mandatory education requirements for condo managers to apply for a general licence
Two new administrative authorities will be designated, including the Condominium Authority of Ontario (CAO), which as of September 1, 2017, will provide education and awareness of owner rights and responsibilities, and provide important information to the condo corporations. On November 1, 2017, the CAO will be responsible for managing the Condominium Authority Tribunal to resolve disputes about access to condo records. The Condominium Management Regulatory Authority of Ontario (CMRAO) will regulate and license condo managers and providers as of November 1, 2017.
To read more about these new changes that will assist in building healthy, sustainable condo communities, click here.