Status Certificates

Once the written request and fee are received, the condo corporation has 10 calendar days to provide the certificate.

Anyone can request one, including buyers, owners, lenders, or real estate agents. You do not need to be the unit owner to order it.

No. These are commonly confused. - A condo status certificate relates to condominium units - A Certificate of Status (business) confirms whether a corporation is active and in good standing Business certificates are issued through the Ontario Business Registry for Ontario corporations, or Corporations Canada for federally incorporated entities.

The maximum fee is $100, including HST, as set by the Ontario Condominium Act. Condo corporations are not allowed to charge more than this amount.

Yes. A real estate lawyer can flag financial risks, restrictive rules, or legal exposure that may not be obvious to buyers.

A status certificate is a legal document issued by a condominium corporation. It outlines the financial and legal status of a specific condo unit and the overall corporation, including budgets, reserve funds, rules, lawsuits, and any arrears tied to the unit.

The buyer typically pays for it during a condo purchase, though this can be negotiated as part of the offer.

Some property managers offer rush service for an additional fee, but this is optional and not required under the Act.

It helps buyers and lenders identify: - Financial health of the condo corporation - Upcoming special assessments - Legal issues or lawsuits - Rules or restrictions that may affect use or resale Most real estate lawyers strongly recommend reviewing it before finalising a purchase.

You can order it directly from: - The condo corporation or its property manager - An online portal if the property manager uses one - The Condominium Authority of Ontario provides guidance on the process, but does not issue certificates themselves.