Question 1

How long does it take to receive a status certificate?

Accepted Answer

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

Question 2

Who can request a status certificate?

Accepted Answer

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

Question 3

Is a status certificate the same as a Certificate of Status for a business?

Accepted Answer

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.

Question 4

How much does a status certificate cost in Ontario?

Accepted Answer

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.

Question 5

Should a lawyer review the status certificate?

Accepted Answer

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

Question 6

What is a status certificate?

Accepted Answer

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.

Question 7

Who usually pays for the status certificate?

Accepted Answer

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

Question 8

Can a status certificate be rushed?

Accepted Answer

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

Question 9

Why is a status certificate important?

Accepted Answer

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.

Question 10

Where do I order a condo status certificate?

Accepted Answer

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.

Krall Property Management Inc.

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Status Certificates

Frequently asked questions