Finally! Bill 106 (an Act to amend the Ontario Condominium Act and other related legislation) passed third and final reading on December 2, 2015. A little known fact is that it also received royal assent on December 3, 2015.
The Honourable David Orazietti (the Minister of Government and Consumer Services) was proud to introduce this key piece of legislation and to present it for a vote at its third reading:
…the proposed legislation will provide Ontario with a foundation on which to build robust requirements that will promote stronger condo governance and provide consumer protection mechanisms that will ensure the sustainment of healthy condo communities. In the end, we want to help condo buyers make informed choices, and for condo owners to ensure that their hard-earned investment and the place they call home is well protected.
Bill 106 introduces sweeping changes to the existing Condominium Act in addition to providing for the adoption of brand new piece of legislation aimed at regulating “Property Managers” and the service of condominium management.
The New Condo Act Is Not in Force Yet
Still, despite the fact that this legislation has received royal assent (the final step in the adoption of legislation), the legislation is not in force yet. The modified version of the Condominium Act and the new legislation aimed at regulating condominium management services will only come into force on a day to be named by proclamation of the Lieutenant Governor. This will give the Ontario Legislative Assembly the opportunity to develop the extensive regulation required under the “New Condo Act”.
As to when proclamation will take place is anyone’s guess. You may have noticed that the existing Condominium Act was adopted in 1998 but came into force in 2001… We still have some ways to go.
- Bill 106 is finally released
- How the ‘new Condo Act’ will affect the calling and holding of AGMs
- The ‘new Condo Act’ and its impact on the adoption of budgets
- Directors’ qualifications and disclosure obligations under the ‘new Condo Act’
- The new Condo Authority and Condo Tribunal
- The calling of special owners’ meeting under the ‘new Condo Act’
- Amending a condominium declaration is not an easy task
- Changes, maintenance and repairs under the ‘new Condo Act’
- Corporate records under the ‘new Condo Act’