07/18/2013 08:01 EDT | Updated 09/17/2013 05:12 EDT

Condo manager qualifications may be coming

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.

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.