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February 18, 2016 - By Injury Law Group

Condominium Act – Bill 106

Condominium And Housing Law

The Condominium Act has changed, now including Bill 106 as law. The Condominium Act review process lasted over one year and received public contribution at information sessions, as well as an expert panel, residents’ panel, professional working groups, and technical teams.  Bill 106 includes changes in five categories to help build stronger condominium communities: improved dispute resolution, stronger consumer protection, more transparent condominium finances, greater openness and accountability in governance, and condominium manager licensing and regulation.  Bill 106 includes two schedules: amendments to the Condominium Act, 1998 (“Condo Act”) and other statutes; and a second schedule containing a brand new Condominium Management Services Act, 2015 (“CMSA”) which stands apart as a separate statute.  Although Bill 106 is part of the law, changes to the Condo Act and CMSA have not yet been proclaimed by the government and are not yet in force.  Some expect the Bill to be proclaimed in about 12-36 months, allowing time for drafting of regulations.    For more information on the Condominium Act reform, click here

 

 


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Copyright © 2024 Injury Law Group | All Rights Reserved
2510 Ouellette Ave, Suite 301, Windsor, ON, N8X 1L4