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ARTICLE · 05 JULY 2023

New Requirements For Property Managers Starting THIS July

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The Condominium Management Services Act ("CMSA") was enacted in 2015. The Condo Management Regulatory Authority of Ontario ("CMRAO"), which derives its authority from the CMSA, is the regulatory...

CanadaReal Estate and Construction
Jason Rivait
Jason Rivait
Neha Goel
Neha Goel
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The Condominium Management Services Act ("CMSA") was enacted in 2015. The Condo Management Regulatory Authority of Ontario ("CMRAO"), which derives its authority from the CMSA, is the regulatory body that enforces the mandatory licensing of property managers. The CMRAO sets standards and enforces mandatory licensing for property managers. Recently, the CMRAO announced that property managers with a general license will be required to accumulate continuing professional education ("CPE") credits from eligible educational/professional development activities as of July 1st, 2023.

General licensees will be required to accumulate a minimum of 10 CPE credits annually, the completion of which must be reported on their user accounts through the CMRAO website. The reporting portal will become available in July 2023. If more than 10 credits are completed within a licensing year, the remaining credits will carry over to the following year.

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