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Changes to the Condominium Act, 1998 (the “Act”)

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On January 1, 2021, the Condominium Act, 1998 (the “Act”) was amended to require condominium developers to provide potential purchasers of pre-construction or new build units with a Condominium Guide.

A snap shot below about the new amendment was written by Annie Bailey of Robson Carpenter LLP. To read the full article, click here.

The purpose of the Condo Guide is to provide potential purchasers of condominium units with reader-friendly, understandable information on the process and risks of buying a pre-construction or newly-built condominium unit, as stated by Ontario’s Ministry of Government and Consumer Services. The Condo Guide will assist these potential purchasers with making informed decisions about their purchase. Some of the topics covered include:

  1. Condominium corporations;

  2. Buying a pre-construction unit (including delayed occupancy and interim occupancy);

  3. Warranty coverage with Tarion;

  4. Governing documents and why you should read them;

  5. Condominium living (including owner rights and obligations);

  6. Common elements and common expenses; and

  7. Condominium governance, finances, and management.