Wednesday, December 2nd
Today the Protecting Condominium Owners Act, 2015, passed third reading in the Ontario legislature.
The act will increase protections for condominium owners, improve how condo corporations are run and ensure that condo boards are governed professionally. Notable changes include:
Ontario plans to move quickly to deliver upon the key commitments of this act. The province will continue to consult with members of the public and stakeholders to gather their expertise during the development of regulations and implementation of this important legislation.
Improving consumer protection for all Ontarians is part of the government's plan to build Ontario up. The four-part plan includes investing in people's talents and skills, making the largest investment in public infrastructure in Ontario's history, creating a dynamic and innovative environment where business thrives, and building a secure retirement savings plan.
“Our government took steps to provide clearer and strengthened regulations to better protect Condo owners with the passage of the “Protecting Condominium Owners Act”. There are 1.3 million Condo owners across Ontario, many of them residing in Willowdale, I look forward to continuing to work with our local Condo owners and organizations in building a strong and healthy community."
— David Zimmer, Member of Provincial Parliament, Willowdale
“This is a significant milestone for Ontario—we are setting a solid foundation on which to build stronger regulations that will improve how condo corporations are run and increase protections for condominium owners. This will ensure the sustainability of healthy condo communities across the province. I want to thank everyone who helped to drive this Bill forward, which will benefit the 1.3 million Ontarians that live in condos.”
— David Orazietti, Minister of Government and Consumer Services
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