Notice of Fees
The Condominium Management Regulatory Authority of Ontario (CMRAO) conducted a public fee consultation from July 11, 2017 to August 10, 2017. Feedback was collected using a survey, posted on the CMRAO website. The survey collected the public and the sector’s opinions on CMRAO’s proposed licensing fees.
CMRAO appreciates all the feedback received. This consultation provided CMRAO with an opportunity to hear feedback first-hand and gain an understanding of the best model to support a self-funded regulated condominium management sector.
CMRAO has carefully considered the feedback, and has confirmed its fee amounts, which are set out below.
CMRAO will be responsible for enforcing regulations which were developed in response to demands from condominium owners, directors and the condominium management sector itself for mandatory licensing. Ensuring that licensees meet minimum standards of education and experience while adhering to rules under the Act, regulations and a code of ethics will give condominium owners confidence that their investments are safe, while enhancing the profession of condominium management.
CMRAO’s operations are funded by the sector it serves. As an administrative authority and a not-for-profit corporation, CMRAO will work to keep costs down as a lean organization that has a cost sharing model for back office functions, and modern, efficient business processes. CMRAO’s estimated annual operating budget of $2.4 million will be financed by the fees it collects for licensing condominium managers and condominium management providers (firms). These fees allow CMRAO to run its licensing program, review and set standards, and operate a complaints and inspections program that ensures compliance with the Act.
One-Time Application Fee
The CMRAO’s registrar will begin accepting applications for processing on November 1st, 2017. At that time, licensing requirements will be in effect.
Initial Licence Fee – November 1, 2017 to June 30, 2018
Individuals and businesses providing condominium management services on or prior to November 1, 2017 will have their initial licence fee pro-rated to cover the 8-month period from November 1, 2017 – June 30, 2018. New entrants applying for a limited licence will pay a pro-rated fee based on the number of months remaining prior to the renewal date. For example, a new entrant applying for a limited licence in January will have their initial licence fee pro-rated to cover the 6-month period from January 2017 – June 30, 2018.
First Time Application - Early Application Incentive
CMRAO is pleased to offer a 10% early application incentive on the initial licence fee for individuals and firms who submit their application between November 1 and December 15, 2017 and pay their initial license fee within 30 days of receiving their approval notice.
Submitting Applications and Making Payments
All applications will be submitted online through the CMRAO’s website. Applicants will create a CMRAO account online and follow a guided process. As part of the application process, individuals and businesses will be required to pay the $150 application fee online using debit or credit card.
After CMRAO’s registrar has reviewed and approved a licence application, the applicant will be emailed an approval notice and required to pay their annual fee. CMRAO will not issue the licence until it has received the annual fee. If an application for a license is not approved, no further charges will be due, and the application fee is non-refundable.
Individual licensees (general licence, transitional general licence, limited licence) will login to their CMRAO account online and pay their annual fee using debit or credit card. Condominium management providers may pay their annual licence fee online or by mailing a cheque to CMRAO.
Calculating Fees for Condominium Management Providers
All licensed condominium management providers (firms) will be required to pay an annual licensing fee of $799 + $350 for each individual they employ who holds a general licence, transitional general licence, or limited licence. This calculation is a way of assessing the size and scope of condominium management services offered by a firm, and therefore the complexity of work that will be required to regulate the firm and its licensees.
CMRAO will calculate the annual licensing fees for providers based on employment information reported by the providers and individual licensees. CMRAO will not process adjustments or refunds.
It is important to note that all condominium management provider firms will be required to notify the CMRAO’s registrar within 5 days of the date of commencement or termination of the employment of every condominium manager that the provider employs and, in the case of termination of employment of a condominium manager, the reason for the termination.
Expiration and Renewal
All licences must be renewed on an annual basis. The annual expiry date for all classes of licence will be July 1.
CMRAO’s registrar will accept applications for renewal each year during the month of June. Licensees will be required to login to their CMRAO online account, complete their renewal application and pay their annual fee.