‘Economic mismatch’: A shortage of Ontario condo managers is driving up fees

As the Ford government pins its hopes of solving Ontario’s housing crisis by building 1.5 million new homes by 2031, a chronic shortage of qualified people to run new condo buildings threatens to drive up costs for homeowners even as new units finally come online.managers are trained and licensed hit a key milestone in the summer of 2022, with new demands forcing many experienced managers in Ontario to retire.

“The industry had had a lot of problems, there were some major, major cases of fraud and other things that made the news and sort of prompted this,” Plant said. “So, no one in the industry was upset this happened.

Not only are more homes coming online, but Plant said the new condos bring in more components than older buildings, giving managers an extra factor to contend with. Burgoon said that senior managers, who can be in charge of between 2,000 and 4,000 units in her experience, could net salaries between $120,000 and $220,000 per year, “depending on your portfolio.”

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