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Legal & Regulatory Updates

Timothy Chase, RCM
Property Manager,
Brilliant Property Management

Staying Ahead of the Curve

Legal & Regulatory Changes for Ontario Condo

Managers in 2024

As a condominium manager in lot to keep track of. But don’t worry— continuing education. If you’re manag-
Ontario, you already know that keep- I’ve got you covered with what you ing a building, you need to stay up to
ing up with regulatory changes can feel need to know for 2024. date with your certifications, or you risk
like a full-time job. Every year, new losing your license. This means carving
rules, updated laws, and court decisions 1. Regulatory Changes Impacting out time for professional development,
shake up the way we manage buildings, Condominium Management in whether it’s attending workshops or
interact with owners, and handle day- Ontario keeping up with new courses that focus
to-day operations. Staying on top of Over the past few years, there’s on changes to the Condominium Act. It
these changes is not just about avoiding been a steady stream of changes to can feel like a lot, but in the long run,
fines—it’s about protecting your reputa- the Condominium Act, and 2024 is no it ensures you’re on top of your game—
tion, maintaining trust with residents, exception. One of the big ones to watch and it protects you and your corporation
from costly mistakes.
and ensuring the smooth running of is the requirement for more transpar-
Photo: © Bigstock.com/Maximon4ik most recent updates in condo law, some tion isn’t making these available in a term rentals. Municipalities across
ency with financial records and reserve
your condominium community.
And then there’s the issue of short-
In this article, we’ll walk through the fund reports. If your condo corpora-
Ontario are cracking down on Airbnb-
important court rulings that could timely manner, you’re setting yourself
style rentals in condos. If your building
isn’t already enforcing these bylaws, you
impact you, and a few best practices up for some difficult conversations with
might find yourself in a tricky spot when
to help you stay compliant. Whether owners—or worse, legal trouble.
owners complain about noise, security,
you’re dealing with new short-term
The Condominium Management
rental restrictions or planning for elec-
or overcrowding. It’s up to you to make
Regulatory Authority of Ontario
tric vehicle charging stations, there’s a (CMRAO) has also upped the ante on
sure everyone’s playing by the rules.
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