Before recent changes to the Ontario Condominium Act, there were no legal requirements governing the conduct of property management companies in Ontario. But incidents of fraud and mismanagement against property owners were a growing concern over the decades, and with the explosive growth of new condominium developments in the province – with 61,337 units under construction in the suburban and downtown Toronto alone – the consensus was that the lack of legal oversight had to end. Read the article…………………
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