The Ontario government will consider introducing mandatory qualifications for condo managers as part of a wider review of condo legislation.

Condo managers are currently not required to have any training, though they often oversee massive budgets and manage buildings worth millions of dollars.

"There is an overwhelming consensus that condominium managers be qualified to carry out their significant responsibilities," Consumer Affairs Minister Tracy MacCharles said Thursday.

"One in 10 people in Ontario live in a condominium and their quality of life depends to a great degree on qualified, well-trained condominium managers." 

The province says there are about 600,000 condo units in Ontario, represented by 9,000 corporations, and condos make up half of all new homes built in Ontario.

The Condominium Act Review — set to be completed by the end of the summer — is looking at possible changes to the Act including what credentials condo managers should have.

According to the Ministry of Consumer Affairs, condo managers don't necessarily have an understanding of the bylaws governing condos, including building maintenance or contracting out services such as cleaning and landscaping.

The review is being carried out by a group of condo owners, residents and industry experts who will recommend what the new standards should be, and how an oversight body would work.

Dean McCabe, a former president of the Association of Condominium Managers of Ontario, said he welcomed news review of the Condominium Act.

With files from The Canadian Press