Condominium living in Ontario has changed dramatically over the past 20 years. The enactment of three major pieces of condominium legislation over this time has led to greater accountability through mandatory licensing of condominium management providers and condominium managers. These licenses are provided and overseen by the Condominium Management Regulatory Authority of Ontario (CMRAO), a newly created regulatory body which is accountable to the Ontario Ministry of Government and Consumer Services (MGCS).
The past two decades have also seen an increase in the number of Ontarians who call a condominium home. According to the Government of Canada’s 2016 Census, 13.2% of Ontarians live in a Condominium and a record 35.8% of all new constructions being built in the province of Ontario are condominiums. In Toronto, 1 in 5 Toronto households reside in a condominium. These statistics only continue to increase.
Additionally, according to the Condominium Authority of Ontario and Land Registry Offices Ontario, there are now over 12,000 condominiums in Ontario, with over 45% of these located in the Toronto and the GTA. Based on their 2018-2019 Annual Report, the CMRAO noted that there are currently 2,249 managers who hold a General License, and 711 Limited Licensees who are permitted to manage under the supervision of a General Licensee. This equates to a ratio of 1 licensed manager for every 4 condominiums. However, given that limited licensees require supervision, many of whom hold support roles rather than management roles, this number is actually closer to 1 manager for every 5 condominiums. The shortage of quality, licensed managers who are available to serve the needs of condominium communities is increasing.
A lot has changed over the past 20 years, so why hasn’t condominium management in Ontario progressed to meet the new needs of this industry?
Melbourne Property Management is an organization that takes a fresh, service-first approach towards both condominium communities and condominium management. We provide relevant and current training to our managers to better serve our customers, provide residents with the quick support and answers they need, ensure that communities are well-maintained and most importantly, sought-after places to live.
At Melbourne Property Management, we take great pride in caring for our communities, rather than simply managing them.
If you are interested in how Melbourne Property Management can take a fresh and modern approach to taking care of your condominium community or your new development, contact us for a proposal today.