Forec

Ontario is lacking condo managers and some worry it'll only get worse as more units get built

05/06/2023

Ontario property managers are raising the alarm about the province’s growing condo market, saying there’s not enough of them to handle an expected influx of units.

According to data from the province and the industry’s separate regulatory body, The Condominium Management Regulatory Authority of Ontario (CMRAO), there are currently some 2,500 licensed managers in the province overseeing around 950,000 units across Ontario. 

That’s a figure some in the industry say is leaving managers spread thin and will only be exacerbated by the glut of managers getting ready to retire. Add to that the growing number of units expected to be ready for occupancy in the coming years, and some worry the the lack of managers will mean issues across the board, be it for residents or building owners.

Research by the real estate consulting firm Urbanation suggesting a record number of 25,000 new condo units will be ready in Ontario

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Real Estate

Ontario Teachers' CEO on inflation, real estate and opportunities

18/04/2023

Chief executive Jo Taylor speaks with the Financial Post’s Barbara Shecter about the pension’s strategy

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Published Apr 12, 2023  •  Last updated 5 days ago  •  10 minute read

Jo Taylor, chief executive of the Ontario Teachers’ Pension Plan Board. Photo by Courtesy Ontario Teachers’ Pension Plan

Geopolitical uncertainty and macroeconomic headwinds pushed some of Canada’s top institutional investors into negative territory in 2022, but not the Ontario Teachers’ Pension Plan. The country’s largest single professional pension eked out a respectable four per cent return for the year, leaving it with $247.2 billion in assets and on track toward its goal of $300 billion by 2030. The Financial Post’s Barbara Shecter sat down with Teachers’ chief executive Jo Taylor to discuss the fund’s strategy, how it’s navigating inflation and where it’s

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