The Condominium Authority of Ontario (CAO) has confirmed both the unit assessment fees that will be levied to condominium corporations and the amounts that will be charged for use of the Condominium Authority Tribunal (CAT). These fees were determined following a public consultation period and will help to ensure the CAO can provide new services and protections for condo owners in Ontario.
A full announcement and details of the new fees are posted on the CAO website at http://www.condoauthorityontario.ca/summary-of-proposed-fees/. (Note this link has since been removed by the CAO).
In summary, each condominium corporation will be charged an assessment of $1 per month / $12 per year per voting unit. The initial assessment period that will cover Sept 1, 2017 to March 31, 2018 (7 months) will be payable by December 31, 2017. There is no indication as to what dates will be covered by future assessment periods, when those future assessments might be due or if there is a possibility that future assessments may be more (or less) than the initial assessment amount of $1 per month / $12 per year per voting unit.
The CAT, which will begin accepting dispute applications on Nov 1, 2017, will charge a $25 filing fee, an additional $50 fee for a dedicated CAT mediator, and an additional $125 if the dispute proceeds to a formal adjudication by a CAT member who will issue a binding order. Further details are available on the opens in a new windowCAO website.