December 2022
The 2020/2021 Annual Report for the Condominium Management Regulatory Authority of Ontario (CMRAO) presents a summary of the condominium space in Toronto and Ontario.
Number of Condominium Corporations
- 12,100+ condominium corporations in Ontario. (Condominium Authority of Ontario)
- 922,000 condominium units in Ontario. (Condominium Authority of Ontario)
- 50 percent of new homes in Ontario are condominiums (Tarion). Toronto numbers are dramatically higher since virtually no single-family homes are being built.
Number of Condominium Managers
- There are 3,873 individuals with an active condominium manager license in Ontario. Of this, 2,374 hold a General License and able to manage a condominium corporation without oversight. Within Toronto, 1,368 individuals hold an active condominium manager license. These numbers have been on the rise for four consecutive years. (CMRAO)
Complaints against Condominium Management
- There have been 973 complaints made to the CMRAO about condominium management during 2020/2021. Substantial complains were made against 48 condominium managers and 31 provider businesses.
- Ten inspections were carried out based on serious allegations of misconduct by a condominium manager, all of which were related to unlicensed practice.
- Two discipline decisions were made against condominium managers who failed to comply with their code of ethics.
- Five licenses were revoked for reasons that include conflict of interest, unlicensed practice, competence, responsiveness, improper fund transfers and improper transfer of records. These actions can be found at https://cmrao.ca/consumer-protection/discipline-and-appeals-decisions.
Click here to read the CMRAO 2020/2021 Annual Report.
