Condominium Authority of Ontario
Condominium Authority of Ontario
Condominium Authority of Ontario, (CAO) is the new authority to protect condo residents. Ontario is also implementing new protections for condo communities, which will take effect this fall. Changes will include new disclosure requirements for directors, such as whether they are not owners or occupy units in the condo building or if they have interests in contracts involving the condo corporation. Such transparency will only bode well for condos across the province. This is particularly important given how popular condo living is becoming on the basis of affordability and land availability for future residential developments.
Condominium Authority of Ontario will help Ontario condo owners and residents in the following ways:
- Provide condo owners with their rights and responsibilities
- Create an easier and less expensive dispute resolution service, starting this November
- Provide important information about condominium living
- Offer mandatory training for condo directors beginning this November
Authority Will Educate Condo Community, Help Resolve Disputes
“The Condominium Authority of Ontario will ensure that Ontario is addressing the needs of condo communities across the province. These new regulations will help to build more sustainable condo communities across Ontario so that people who call a condo their home can enjoy peace of mind for years to come.” – Tracy MacCharles, Minister of Government and Consumer Services.
Condominium Authority of Ontario is your one-stop source of information on everything related to condo living, types of condos, condo ownership facts, common expenses in condominiums, condo by-laws, condominium rules and policies, condo governance, and other resources for condo directors and residents.
Condo Buyer’s Guide is a particularly useful resource if you are looking to buy a condo in Mississauga or elsewhere in Ontario.
Quick Facts on Province-wide Condominiums:
- There are currently 1.6 million people living in condos in Ontario and more than 50% of new homes being built in the province are condominiums.
- There are more than 750,000 condo units in Ontario
- The CAO was created as part of the implementation of the Protecting Condominium Owners Act 2015.
Source of Information: Ministry of Government and Consumer Services
Team Amit Kalia has been actively serving the Square One Condo Market Mississauga since 2003. Our years of experience and local RE/MAX presence means that your Square One condo buying or selling experience can be one that you can truly bank on.
You can view latest condo listings for sale in Square One or contact us to book your free condo evaluation for sale.
