CCI Toronto News

May 12, 2026 - CCI Toronto News

CCI Toronto & Area Submits Letter to Ontario Auditor General on Condominium Oversight

Legislative Advocacy

CCI Toronto & Area Submits Letter to Ontario Auditor General

CCI Toronto & Area has submitted a formal letter to the Ontario Auditor General expressing concerns regarding outstanding condominium oversight recommendations and their continued impact on reserve funds, procurement, budgeting, chargebacks, and housing affordability in Ontario.

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 has identified key areas that remain unaddressed and continue to impact Ontario condominium corporations and housing affordability.

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 letter submitted to the Ontario Auditor General, including concerns and recommendations regarding condominium oversight in Ontario.

Download Letter