News

8255 101  tfmf i0oot145vgwpztmxqfwcnc2y eedf1d2a b333 48a8 9b35 26635af73cc4 0 photoup

Ontario Passes Legislation to Protect Condo Owners

Province Supporting Stronger Condo Communities

 

NEWS

 

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:

 

  • Clearer, more comprehensive rules to prevent owners from being surprised by unexpected costs after purchasing a newly-built condo
  • A new Condominium Authority to provide quicker, lower-cost dispute resolution and help prevent common disputes
  • Strong financial management rules for condo corporations to help prevent financial and organizational mismanagement
  • Better governance requirements for condo boards, including training for condo directors
  • Mandatory licensing and education requirements for condominium managers

 

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.

 

QUOTES

 

“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

 

QUICK FACTS

  • 1.3 million Ontarians live in condos
  • More than 50 per cent of new homes being built in Ontario are condos
  • The government received about 200 recommendations for condominium law reforms through its public consultation process

 

BACKGROUND INFORMATION

Keep in Mind...

This website is provided for your convenience. If you'd prefer to call or email, my staff and I would be happy to hear from you.

Top Stories

Twitter Feed