Condominiums in Canada

in British Columbia, it is referred to as "strata title" and in Quebec, the term "divided co-property" (French: copropriété divisée) is used, although the colloquial name remains "condominium".

It was most recently reported that over 8,000 condominium projects house over 250,000 residents in Alberta as of September 29th, 2022 by Thomson Reuters Canada.

Founded in 2015, the mission of the Condominium Owners Forum Society of Alberta is to provide individual and business condo owners and occupants with opportunities for networking, education, and advocacy to improve the management and value of our properties, strengthen governance of our corporations, enhance the public perception of condominium living, and foster a greater sense of community and collaboration amongst all stakeholders.

According to the Real Estate Board of Greater Vancouver, the benchmark price for a condo in July 2016 was $510,600 in the region, up 27.4 per cent from the same month in 2015.

[6] The Act requires all stratas to maintain an insurance policy for a minimum of $2 million (property and liability) that covers the common elements and the units as originally buïlt.

[10] Outside of Toronto, the most common forms of condominium have been townhomes rather than highrises, although that trend may be altered as limitations are placed on "Greenfields" (see Greenfield land) developments in those areas (in turn, forcing developers to expand upward rather than outward and to consider more condominium conversions instead of new housing).

To do this they have implemented three pillars; education, mandated reporting and disclosure of information, and a tribunal for handling disputes that arise[11] In a March 2018 Toronto Condo News article, the Executive Director of the Condominium Authority of Ontario explains it has an "overarching goal to enhance consumer protection for condominium owners, directors and residents.

A general meeting is held annually to deal with board elections and the appointment of an auditor (or waiving of audit).

While condominiums typically represent an attractive lifestyle and home-ownership alternatives for buyers, they also, importantly, introduce a new approach to community planning for home builders and municipal approval authorities in Ontario.

Encourages and provides objective research or practitioners and government agencies regarding all aspects of condominium operations.

The Condo Owners Association (COA) in Ontario was established in March 2010 by Founder Linda Pinizzotto in March 2010, a Toronto/Mississauga Realtor who had a vision to create a non profit Association to provide a cohesive united voice to represent condominium owners across the Province of Ontario to all levels of Government and to advocate for a Condo Act Review to update and modernize the Condo Act in Ontario.

On May 27, 2015, David Orazietti, Ontario's Minister of Government and Consumer Services, introduced a new bill called the Protecting Condominium Owners Act, 2015.

The Act will require boards to issue reports to owners on things such as insurance or legal proceedings.

Clear language will spell out the amount of an adequate Reserve fund study and help eliminate surprise hikes in condo fees or special assessments levied against each unit.