CCI Huronia News
Proposed Amendments to the Condominium Act, 1998 Respecting a Condo Guide
The Ministry of Government and Consumer Services is proposing that amendments to the Condominium Act, 1998 (Condo Act) respecting a "condominium guide" (condo guide) be proclaimed into force, effective December 1, 2020. That includes the definition of "condominium guide" in subsection 1(1) as well as section 71.1 and changes to subsections 72(1), 72(2), 73(1), 73(2) and 161(1).
The Condo Act sets out rights and responsibilities relating to condominium corporations, including certain rights and responsibilities of condo developers, purchasers, owners, mortgagees, residents and condo corporations and their boards.
Bringing the above-noted provisions into force is intended to, among other things, beginning on December 1, 2020:
- Ensure that a plain-language condo guide is prepared that would set out information for purchasers, information about the rights and responsibilities of owners, occupiers and condo boards, and other matters as the Minister considers appropriate.
- Allow the Minister to require the condo guide to be prepared by the Condominium Authority of Ontario (CAO).
- Require declarants (e.g., developers) to provide the condo guide, along with other disclosure documents currently required, to prospective purchasers of pre-construction condominiums.
- Ensure that any agreement of purchase and sale of a unit or a proposed unit entered into by a declarant or a person acting on behalf of or for the benefit of the declarant is not binding on the purchaser until the declarant has delivered to the purchaser a copy of the condo guide, in addition to a copy of the current disclosure statement, as required.
Condominium Act, 1998