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Buyer Beware: Enhanced Disclosure for Purchasers of Pre-construction Condominiums

Author: 
Emily Deng
Publication date:
October 28, 2019
Article Summary: 

The Ministry of Government and Consumer Services has introduced a new mandatory information sheet which must be included in pre-construction condominium Agreements of Purchase and Sale from January 1, 2020. The sheet outlines key potential risks of purchasing pre-construction condominium units and will underscore the importance of seeking legal advice from a lawyer familiar with condominium transactions. The update comes as part of new initiatives to enhance consumer protection for purchasers of pre-construction condominium units.

Keywords: 

pre-construction condominiums, enhanced disclosure, purchase agreements, Tarion, Ministry of Government and Consumer Services, legal advice.

Source Citation: 
Emily Deng
Buyer Beware: Enhanced Disclosure for Purchasers of Pre-construction Condominiums
October 28, 2019
https://dhacondolaw.ca/condo-law-news/buyer-beware-enhanced-disclosure-for-purchasers-of-pre-construction-condominiums/
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