Public Notice to the Condominium Corporations and Sector Stakeholders for Comment
As the Condominium Authority of Ontario (CAO) continues to grow and enhance its services further to meet the needs of nearly 1.6M Ontarians who live in condominiums, we are committed to delivering value and making a difference for people in Ontario’s condominium sector.
Effective January 1, 2022, the CAO will return to the assessment fee level of $1 per voting unit per month.
Throughout 2020, the CAO’s mandate has expanded in a few areas, including the increased scope of disputes under the Condominium Authority Tribunal’s (CAT) jurisdiction, the introduction of Ontario’s Residential Condominium Buyers’ Guide and delegation of condominium forms under the Condominium Act, 1998. In addition, the CAT’s jurisdiction is expected to continue to increase in the year ahead, and we are working to enhance our services in response to the Auditor General’s recommendations and other priorities assigned by the Minister of Government & Consumer Services.
In 2017 we undertook a comprehensive public fee consultation regarding the fee level required to fund the CAO’s mandated services. Through this process the CAO’s assessment fees were set at $1 per voting unit per month.
A temporary 25 per cent reduction was applied to this fee in 2018/19 and 2019/20 due to delays in the ramping-up of the CAO’s operations. This reduction was extended to 2020/21 to help alleviate the financial burden on condominium corporations during the global pandemic. This was achieved by drawing-down on the CAO’s reserve fund and operating at a deficit.
In keeping with our commitment to prudent financial management and the requirement to notify the condominium sector regarding the return to the assessment fee level of $1 per voting unit per month, the CAO would like to receive your feedback.