Some 1.3 million Ontario condo dwellers will be better protected and have more rights under long-awaited new provincial legislation that has passed unanimously at Queen’s Park.
In a province with 700,000 condominium units — and 10,000 different condo corporations for their residents. The licensing of condo managers was one of the top priorities (and) establishing some kind of regime for condo managers so they would have training and those sorts of things.
A new Condominium Authority will be established in 2017 to prevent common disputes and serve as a cheaper alternative than the court system to resolve problems. It will be an independent, not-for-profit corporation self-funded by a $1-per-unit monthly fee and will fall under the oversight of the provincial auditor general.
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