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Condo owners: What do you think about the new Condominium Authority?

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Real estate Pat | 27 May 2015, 01:43 PM Agree 0
The province of Ontario is creating a new body called the Condominium Authority, which will cost developers and condo owners. What do you think about the new provincial legislation?
  • Omer Quenneville | 28 May 2015, 01:04 PM Agree 0
    Long over due... for more reasons than I can list here. Finally a voice for the people against property management companies that seem to be doing less and stacked boards that push their own agenda. I don't think more needs to be said!
  • Only_Ali | 28 May 2015, 01:09 PM Agree 0
    About time. Property managers have been abusing their authority for too long. Wish they could manage maintenance fees as well. Have it regulated similar to how rental fees are for renters.
  • | 29 May 2015, 03:00 PM Agree 0
    OMG! Another government hand in people's pockets. What is needed is legislation that protects condo owners from boards and property managers who mismanage and steal from buildings. Furthermore, the legislation needs to be enforced. There needs to be an audit of boards, based on complaints. Having some leftist authority that will have to be funded by people who happen to live in a condo is wrong. Charging fees to developers is nothing but a cash grab that get's passed on to the condo buyers. When you consider all the fees that developers have to pay to the city, no wonder the real estate is as expensive as it is. Then the not-so-bright public fueled by even dimmer media, complains and demands more affordable housing, and asking the SAME government to step in and do something. PLEEEEAAAASE stop with the non-sense!
  • daniel.Real Estate | 29 May 2015, 03:18 PM Agree 0
    Certainly you have to control the property management specially the managers they ruins so many building and the unit owners can't sale it because CMHC wont give any insurance on the mortgage, most of the time the purchaser has to bring more than 35% of the purchase price, and buying without knowing if he will become a debtor of any work to be done in the building really a disaster, sure as soon as possible government has to regulate it and give jail term to the abusers.
  • Dick Brady | 29 May 2015, 07:31 PM Agree 0
    Another Government Scam to raise tax funding. If Condo owners took more interest in their affairs this would not be needed. Most condo owners leave it to whomever wants to run the Corporation. You can't blame Condo Management companies from running amok if nobody is keeping any eye on them or controlling them. Management Companies will do whatever the Condo Boards asks. However, if the Government can squeeze another dollar out of someone/anyone in the name of better organization, the will!!!!

  • jon | 29 May 2015, 09:08 PM Agree 0
    I agree that some condo boards and condo property managers don't do their job well. Condo owners need effective avenues when that happens, BUT I'm quite certain that this new legislation will raise condo fees. (and that, condo owners DONT need!)
  • Omer Quenneville | 31 May 2015, 05:22 PM Agree 0
    Right now the condo act has everything in it to protect the owners, just one problem, to enforce it a resident would have to go to court to enforce it. As it stands now most condo boards and management companies are riddled with corruption. Kick backs are common and over staffing is common. As it stands now most condo's have a on site property manager that really does nothing but restrict the use of facilities etc... to the residence., you have security/concierge staff, the site administrator that really does everything and a super and cleaning staff. Then there is the multiple board members. It shouldn't take that much manpower to run a building. The only thing more prone to corruption is city counsel.
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