IgeraFincas for Toronto Condo Corporations — Ontario Condo Law, Answered Instantly

Condominium Act 1998 — the foundational statute

The Condominium Act, 1998 (S.O. 1998, c. 19) governs the creation, management and dissolution of every condo corporation in Ontario. It sets out the board's duties, owner voting rights, common element responsibilities, and the corporation's obligation to maintain records that owners are entitled to request. IgeraFincas reads your corporation's declaration, by-laws and rules and answers owner questions against your actual governing documents — not generic assumptions.

CMRAO licensing — mandatory for every condo manager

Since the Condominium Management Services Act, 2015 came into force, every individual acting as a condo manager in Ontario must hold a licence from the Condominium Management Regulatory Authority of Ontario (CMRAO) — General or Limited — and management businesses need a Provider licence. Operating unlicensed can draw fines up to $25,000 plus suspension. IgeraFincas helps your licensed managers handle higher query volume without expanding headcount, keeping licensed staff focused on judgment calls rather than repetitive questions.

Mandatory reserve fund studies — Ontario Regulation 48/01

Every Ontario condo corporation must commission a reserve fund study at least every three years under O. Reg. 48/01, s. 27 — alternating between full studies (site inspection) and updates (records review). Toronto's aging stock, particularly 1970s-90s towers, generates frequent owner questions about special assessments tied to reserve fund shortfalls. IgeraFincas explains the study cycle, the corporation's current reserve position, and how contributions are calculated.

Condominium Authority Tribunal — exclusive jurisdiction

The CAT has mandatory, exclusive jurisdiction over specific dispute categories: records and disclosure requests, pet restrictions, vehicle/parking/storage disputes, and nuisance claims (noise, odour, smoke, vibration). These categories generate a steady stream of owner questions in dense Toronto towers. IgeraFincas explains CAT jurisdiction, the corporation's applicable rules, and flags genuine disputes for your management team before they escalate to a CAT filing.

"The board just announced a special assessment for elevator replacement. Was this properly disclosed?"

IgeraFincas checks the corporation's most recent reserve fund study (mandatory every 3 years under O. Reg. 48/01) and the board meeting minutes where the assessment was approved. It explains the required notice period, the owner's payment obligations under the Condominium Act, and whether the assessment aligns with the funding shortfall identified in the study.

"I asked for the corporation's financial statements two weeks ago and heard nothing. What are my rights?"

Section 55 of the Condominium Act, 1998 gives owners a statutory right to request specific records, with defined response timelines and permitted redactions. IgeraFincas explains which records are core (must be provided) versus non-core, the applicable fee schedule, and the CAT's exclusive jurisdiction over records disputes if the corporation fails to comply.

"How do I know our new property manager is actually licensed?"

IgeraFincas explains that every individual acting as a condo manager in Ontario must hold a CMRAO licence (General or Limited), verifiable on the CMRAO public register, and that management companies require a separate Provider licence. It flags this as a compliance question for the board if verification hasn't been documented.

"I want to install a heat pump on my balcony. Do I need board approval?"

Under the Condominium Act, alterations to common elements (which often include balconies, depending on the declaration) require board approval and may require an owner to sign an indemnification agreement. IgeraFincas checks the corporation's declaration to determine whether the balcony is common element or exclusive use, and explains the approval process.