May 28 2015

NEWS: Proposed New Condominium Legislation in Ontario

Due to the recent increase in condominium ownership in Ontario, the Provincial Government began a three-stage process in 2012 to update the Condominium Act, 1998. This process, which included contributions from condo owners, developers, managers and industry experts, will result in the first overhaul of the Condominium Act in over 16 years. The newly proposed legislation, if passed, will include clearer rules governing unexpected costs for new condominium owners, additional dispute resolution options, new management requirements for condo boards and corporations.

For more information from the Ontario Government’s press release, click here.

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