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Legislative Newsflash Ontario – Condo Act Proclamation Re a Condo Guide - Oct 2020
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Publication date:
October 27, 2020
Article Summary:
This Legislative Newsflash from CondoVoice, released in October 2020, announces the upcoming proclamation of certain amendments to the Condominium Act, 1998, related to a condominium guide (condo guide) in Ontario. The legislative changes, effective from January 1, 2021, will require the Minister of Government and Consumer Services to ensure the preparation of a condo guide containing information on condo purchasing and ownership. The Condominium Authority of Ontario (CAO) will be responsible for preparing the guide, which will be required to be delivered to purchasers of pre-construction/new condos along with the disclosure statement. The guide will provide important information to prospective condo purchasers, helping them understand the condo purchase process and the associated risks. It will also cover various topics relevant to purchasing and owning property in a condo.
Keywords:
Legislative Newsflash, CondoVoice, Condominium Act, Condo Guide, Ontario, Ministry of Government and Consumer Services, legislative amendments, CAO, condominium authority, condo purchasing, condo ownership, pre-construction condos, disclosure statement, plain-language information, condo sector stakeholders.
Source Citation:
Legislative Newsflash Ontario – Condo Act Proclamation Re a Condo Guide - Oct 2020
October 27, 2020
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