CCI Toronto News
CCI Toronto & Area Submits Letter to Ontario Auditor General on Condominium Oversight
CCI Toronto & Area Submits Letter to Ontario Auditor General
CCI Toronto & Area has submitted a formal letter to the Ontario Auditor General regarding outstanding condominium oversight recommendations and their continued impact on reserve funds, procurement, budgeting, chargebacks, and housing affordability in Ontario.
For reference, we have attached our previous submissions on this topic, as well as an updated summary outlining the remaining outstanding recommendations from the 2020 and 2023 reports, together with our current comments. The updated comments should be read in conjunction with the initial submissions.
Why This Matters
CCI Toronto & Area has raised concerns regarding the implementation of recommendations from the 2020 Value-for-Money Audit: Condominium Oversight in Ontario and its 2023 update. The Chapter continues to advocate for meaningful action on key issues that remain unresolved and continue to impact condominium corporations and affordability across Ontario.
Supporting Documents
Updated Summary
Details the remaining outstanding recommendations from the 2020 & 2023 reports together with current comments and observations.
View Document →2020 Submission
Original submission regarding the 2020 Value-for-Money Audit: Condominium Oversight in Ontario.
View Document →2023 Submission
Follow-up submission and recommendations regarding condominium oversight and implementation progress.
View Document →Reserve Funds
Concerns regarding long-term financial sustainability and planning for condominium corporations.
Procurement & Budgeting
Outstanding recommendations continue to affect operational planning and governance.
Chargebacks
Ongoing legislative gaps create challenges for condominium corporations and residents alike.
Housing Affordability
These issues continue to have meaningful impacts on affordability for Ontario condominium owners.
Read the Full Submission
View the full submission to the Ontario Auditor General, together with historical submissions and supporting materials
Download Letter ↓