Shibley Righton Condo e-bulletin
|
|
|
Government Consultations on Topics for Reform
Condominium Act, 1998
|
|
|
|
|
|
| |
Both Armand Conant and Audrey Loeb, senior counsel at Shibley Righton LLP, will be participating in an 8 person government roundtable to discuss further reforms to the Condominium Act, 1998 on February 20th.
In December, 2019 the government announced changes under the Condominium Act, 1998 (the “Act”) with the introduction of the Rebuilding Consumer Confidence Act, 2020, and at the same time committed to consulting with stakeholders and the public on further topics under the Act related to:
|
| |
|
|
|
|
|
| ▪ |
Changing the amount of interest that would be owed to a purchaser who makes deposits and other payments on a purchase into a pre-construction condo project, by the developer, if the condo project is cancelled and in other circumstances;
|
| ▪ |
Requiring the CAO to develop a condo guide for buyers and require developers to provide it at the point of purchase;
|
| ▪ |
Establishing guidelines or standards that will govern how condo corporations are to procure goods or services;
|
| ▪ |
Clarifying how interim occupancy fees are handled by developers;
|
| ▪ |
Establishing a process whereby condo corporations could add charges to an owner’s common expenses (condo fees), under certain circumstances;
|
| ▪ |
Clarifying how contributions are made to reserve funds, the manner in which they can be used and how reserve fund studies can be conducted; and
|
| ▪ |
Clarifying the processes for mediation or arbitration between corporations and owners.
|
|
|
|
|
|
|
| |
Many of these topics are those that received Royal Assent in December of 2015, but have not yet been proclaimed.
The government is seeking public input on these proposals, and information is posted on Ontario’s Regulatory Registry for public feedback. The comment period will close on March 10, 2020.
Stay tuned.
|
| |
|
|
|
|
|
HAMILTON AREA
4145 N. Service Rd. 2nd Floor
Burlington, ON L7L-6A3
Main: 905.769.0409
Toll Free: 877.214.5200
|
|
|
|
TORONTO
250 University Avenue#700
Toronto, ON M5H 3E5
Main: 416.214.5200
Toll Free: 877.214.5200
|
|
|
|
WINDSOR
2510 Ouellette Avenue
#301
Windsor, ON N8X 1L4
Main: 519.969.9844
Toll Free: 1.866.422.7988
|
|
|
|
|
|
