Every year licensees must pay an annual licence fee to renew their CMRAO licence.
So where do these licensing fees go?
Licensing fees cover the cost of operations and help the CMRAO regulate the condominium management sector. These costs include processing licence applications, enforcement and compliance activities (including inspections and investigations), handling complaints, discipline and appeals hearings, and public awareness activities.
The CMRAO is a not-for-profit corporation funded through the licensing fees of condo management licensees. Without these fees we wouldn’t be able to effectively deliver our regulatory services or carry out our consumer-protection mandate.
Providing value for money and being transparent and accountable for the efficient use of licensing fees is a priority for the CMRAO.