What’s New in ‘CONDO WORLD’ this year?? LOTS!!

New Condo Law Changes:

Condo Act – These changes include increased protections for condo owners, including improvements to how condos in Ontario are governed and greater transparency and accountability of condo boards.
Condo Authority Tribunal – This new regulation will support the establishment of the Condominium Authority Tribunal. The tribunal will offer alternative dispute resolution services for certain types of disputes prescribed by this regulation.
Condo Manager Licensing – A new regulation which mandates licensing of condominium managers and management providers. We at MCRS are thrilled to see this one coming into place! One of our property managers, Kirsten Both, is presently one of the only licensed condominium managers residing South of Barrie. Our Administrative Manager Stephanie Piercey has just one course left to complete towards earning her designation as well!

When Changes Take Effect:

– November 1, 2017 – Most Condo Act changes, including the new tribunal, and the licensing provisions of the CMSA will come into effect.
– February 1, 2018 – Remainder of the CMSA will come into effect.

Protecting Condominium Owners Act

The Protecting Condominium Owners Act, is the product of the government’s comprehensive review of the existing Condominium Act (1998). The existing Condominium Act is the superior piece of legislation that governs Condominium Corporations in Canada. This occasion marks the first overhaul of the province’s condo law in over 16 years. It:
• amends the Condominium Act and the Ontario New Home Warranties Plan Act
• enacts the Condominium Management Services Act
• makes small consequential amendments to other relevant acts
The majority of the provisions of the act are not yet in force but dates have recently been released for implementation (see above).

Designation of Administrative Authorities:

On September 1, 2017 – The Condominium Authority of Ontario (CAO) will be designated as the condominium authority for purposes of the Condo Act and will become responsible for the administration of certain provisions of the Condo Act, including management and oversight of the tribunal. You can find more information on the CAO’s website: www.condoauthorityontario.ca

On November 1, 2017 – The Condominium Management Regulatory Authority of Ontario (CMRAO) will be designated as the administrative authority for purposes of the CMSA and will become responsible for administering the CMSA including licensing condo managers and providers. MCRS Company President Debbie Dale is one of just two (2) Property Managers selected in Ontario to sit on the Stakeholders Implementation Committee for the CMRAO. You can find more information on the CMRAO’s website: www.cmrao.ca

As things evolve, we will do our best to keep you updated with the information we receive!

 

We Treat Your Home Like Our Own

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9-133 Highway 60, Huntsville
ON P1H 1C2
By appointment only

705.788.3393
INFO@MYMCRS.COM

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