Ontario is introducing new legislation to increase protections for condominium owners, improve how condo corporations are run, and ensure that condo boards are governed professionally.
The proposed Protecting Condominium Owners Act marks the first major overhaul of the province's condominium laws in more than 16 years. It is based on more than 2,200 consultation submissions from condo owners, developers, managers and industry experts during a public review of the Condominium Act.
If passed, the proposed legislation would establish:
Improving consumer protections in the province's growing condo sector 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, innovative environment where business thrives, and building a secure retirement savings plan.
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