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Updated over 5 years ago on . Most recent reply presented by

User Stats

28
Posts
13
Votes
Lance Hitz
  • Rental Property Investor
  • Thunder Bay, ON
13
Votes |
28
Posts

Property Management in Ontario Canada

Lance Hitz
  • Rental Property Investor
  • Thunder Bay, ON
Posted

Hey Everyone!

I know that the majority of you are located in the United States! I’m located in Ontario, Canada, and I’m looking into Property management! I cannot seem to find any restrictions or licensing requirements, preventing the average person from managing property in Ontario! There is the CMRAO (Condominium Management Regulatory Authority) which from what I have read only applies to condominium properties! Im continuing my search for information, but am struggling to find anything online!

Does anyone from Ontario, or who deals with property in Ontario know of any other legal requirements for managing properties as a third party?!

Thank you,

Lance

Most Popular Reply

User Stats

687
Posts
370
Votes
Roy Cleeves
  • Residential Real Estate Broker
  • Kitchener, Ontario
370
Votes |
687
Posts
Roy Cleeves
  • Residential Real Estate Broker
  • Kitchener, Ontario
Replied

I do property management and I found same thing that there’s really no regulations which is amazing because were dealing with a very large assets. I purposely set up a trust account with my bank just to have the money that comes in and rent in a separate account to make sure that there’s no issue there

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