bill 106

Protecting Condominium Owners Act – Condo Manager Licencing

This marks the last excerpt from the Ontario Governments web-site publications on this new act and what it means. In this last segment, property managers and licensing. To read the entire article, please click on the link at the bottom of this article.

Protecting Condominium Owners Act – How Condos are run

This marks another excerpt from the Ontario Governments web-site publications on this new act and what it means. In this segment, how condo's are run. To read the entire article, please click on the link at the bottom of this article.

Protecting Condominium Owners Act – Insurance, 1st year budget and investments

This marks another excerpt from the Ontario Governments web-site publications on this new act and what it means. This segment deals with Insurance, 1st year budget and investments. To read the entire article, please click on the link at the bottom of this article.

Protecting Condominium Owners Act – Reserve Funds

This marks another excerpt from the Ontario Governments web-site publications on this new act and what it means. This segment deals with Reserve Funds. To read the entire article, please click on the link at the bottom of this article.

Protecting Condominium Owners Act – Status Certificates, Noise, Notices and Operating Budgets

This marks another excerpt from the Ontario Governments web-site publications on this new act and what it means. This segment features topics such as Certificates, Noise, Notices and Operating Budgets. To read the entire article, please click on the link at the bottom of this article.

Protecting Condominium Owners Act - An outline of the changes to Ontario’s condo laws

As the industry embarks on an exciting new journey with the introduction of Bill 106, Central Erin Property Management is pleased to be part of this of this process, which includes education. We will be sharing excerpts from the Ontario Governments web-site publications in the next series of blog articles, on this new act and what it means. To read the entire article, please click on the link at the bottom of this article.

Bill 106 (Protecting Condominium Owners Act, 2015)

Many are surprised to learn that given the high values of properties that are being managed throughout Ontario and budgets that regularly top millions of dollars a year per corporation that condo managers and management firms have never been subject to any mandatory qualifications or regulation.

Bill 106 - Holding AGM's

If Bill 106 is adopted as drafted, Corporations would be required to undertake specific, time sensitive milestones, and can rely on changes to help complete their AGMs, a task that has been difficult for some Corporations in meeting quorum.