May 4, 2022 - Legislative Newsflash

Ontario Further Strengthens Consumer Protection for Buyers of New and Pre-construction Condos

Effective January 1, 2023, the changes will increase the amount of interest payable in certain circumstances to purchasers on their deposits/payments for the purchase of a new or pre-construction condo unit from a developer.  

You can review the changes here.  

If you have any questions about these changes, please contact the ministry at


Helpful Links

Condominium Act, 1998

Ontario New Home Warranties Plan Act

New Home Construction Licensing Act

Ontario's Residential Condominium Buyers' Guide


Questions Regarding New Homes?

What to know before buying a home