Condo reserve funds in Ontario: The CAO’s efforts to address serious challenges

By Laura Gurr ( September 9, 2024, 12:19 PM EDT) -- Ontario’s condominium sector is at a critical juncture. The Province of Ontario legalized the concept in 1967 with the passing of the first Condominium Act. According to the Condominium Authority of Ontario (CAO), there are over 898,457 residential condominium units in Ontario and about 55 per cent of homes under construction are condos....