CondosReview.com rates condo corporations — not individual units. The distinction matters because the corporation's financial health, management quality, and physical condition affect every unit in the building, regardless of how well that unit is maintained or staged. Our ratings are an attempt to make the building-level picture legible to buyers who often focus only on the unit itself.

Data Sources

Phase 1 profiles draw on several sources, some public and some gathered through direct research:

Status Certificates and Reserve Fund Studies

Status certificates filed with CONDOCERTS and obtained directly from condo corporations provide reserve fund balances, maintenance fee history, operating budgets, and litigation disclosures. Reserve fund studies, attached to status certificates, show the 30-year capital plan and whether current contributions match the required schedule.

Municipal and Provincial Records

Building permits, elevator inspection records verify with current sources, and municipal licensing records where applicable.

Market Transaction Data

Sold listings data for individual buildings through licensed data feeds. Days on market, sale-to-list ratio, and multi-year price trend at the building level, compared against neighbourhood averages.

Verified Owner Input

Phase 1 profiles include owner reviews where available. Owners submit reviews through the site. We verify ownership before publishing (method to be confirmed as the platform develops). Reviews that cannot be verified are not published. typically $400,000–$900,000 for condos and townhomes; detached from $800,000

Rating Categories

Reserve Fund Health
35% of overall score
Reserve fund balance as a percentage of the required level per the most recent study. Special assessment history. Upcoming capital expenditure profile versus projected reserve balance. This is the highest-weighted category because it's the biggest financial risk for buyers.
Management Quality
25% of overall score
Management company tenure and history. Financial reporting quality and audited statement cleanliness. AGM attendance and governance transparency. Responsiveness to repair requests (owner-reported). Physical condition of common elements.
Amenities
15% of overall score
Amenity quality and condition relative to fee level. Whether stated amenities are operational and well-maintained. This category is weighted lower than financial health because a great gym doesn't offset a failed reserve fund.
Resale Performance
25% of overall score
Five-year price appreciation relative to neighbourhood average. Days on market relative to comparable buildings. Sale-to-list ratio. A building with a strong resale track record reflects underlying management and financial quality.

How Scores Are Calculated

Each category is scored on a 10-point scale by our research team. Sub-scores within each category are weighted and combined to produce the category score. Category scores are combined using the weights above to produce the overall rating. All data points are cited within the building profile. Where data is unavailable or unverified, we note it explicitly rather than estimating.

Buildings receive a numerical rating once we have sufficient data across all four categories. Buildings with significant data gaps are profiled but not rated until the profile is complete. Partial profiles are clearly marked.

[verify current figures with a licensed agent or at realtor.ca] The rating methodology described here reflects our intended approach as of platform launch. As we gather more data and refine scoring, specific weights and calculation details may evolve. Material changes to the methodology will be noted on this page with an effective date.

How Often Profiles Are Updated

Building profiles are updated when new status certificates become available, when material changes occur (management company change, special assessment, major capital project), or when owner reviews update the picture. We aim to review all profiles at minimum annually. The "last updated" date on each profile tells you when the profile's data was last refreshed.

Editorial Independence

CondosReview.com is not affiliated with any brokerage, condo management company, developer, or financial institution. We don't accept payment from buildings, management companies, or developers to influence ratings or profile content. Buildings are profiled at our editorial discretion. If a management company or board contacts us to dispute a profile, we review the underlying data and update if warranted — we don't remove or modify profiles based on commercial pressure.

Our revenue comes from the property network (referral relationships with condosexpert.ca, condosagent.com, and torontoproperty.ca) and eventually from advertising clearly marked as such. Advertising relationships do not influence building ratings or guide content.

Submitting a Profile Correction

If you're a building manager, board member, or owner and you believe a profile contains an error, contact us at [contact details to be added]. We'll review the correction with supporting documentation and update the profile if the correction is valid. We don't remove data because it's unflattering to a building — we correct data that's factually wrong.