The Association of Condominium Managers of Ontario says buildings can fall into a state of disrepair without enough of them in the field. It's calling for the province and for industry players to develop a plan to recruit and retain managers in the long-term.
Country Lane Estates in Aurora, Ont. is a community of about 200 townhouse condominium units. Recently, the board of directors sent a notice to owners that $3.5 million is needed for renovations and individual unit owners will have to pay their share.
Ontario's official opposition is pushing the Ford government to implement a tax on empty homes and real estate speculators to increase the stock of affordable housing in the Greater Toronto Area and beyond as real estate prices soar even in the face of the COVID-19 pandemic.