Proposed Condo Act Amendments

Under the proposal, the particular amendments (which were enacted several years ago through the Protecting Condominium Owners Act, 2015) would come into force on December 31, 2026.

The proposed amendments deal with:

– Status certificates;
– Disclosure statements provided to purchasers;
– Cancellation of purchase agreements (material changes);
– Developer turnover meetings;
– Condo performance audits;
– Waiving remedies against developers;
– Clarifying the right to damages; and
– Records access.

Further details are in the attached chart published by the Ministry.

If you would like to provide feedback, go to the following link: Increasing Clarity and Transparency in the Condominium Sector to Improve Consumer Protection | regulatoryregistry.gov.on.ca

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