Ontario Seeking Public Input to Strengthen Consumer Protection for Condo Owners
Ontario is seeking public input on proposed regulations to strengthen protections for condo owners.
The proposed regulations are based on the submissions received during the engagement process. These changes would improve communications within condo communities, and make it easier for condo owners to participate in important decisions affecting their home.Ontario is looking for feedback about:
Requiring condo boards to issue information to owners on a regular basis on topics such as the corporation's finances and any legal proceedings to improve communications between condo corporations and owners, and help strengthen financial management
New rules around meeting notices and voting requirements to make it easier for condo owners to participate and vote at meetings
Establishing stronger governance requirements for condo boards, and improving the transparency and accountability of boards with new disclosure rules and clearer rules around access to records
Establishing mandatory training for condo directors
Creating the Condominium Authority of Ontario to provide public education and help support a quicker, and cost effective dispute resolution.
Feedback to the proposed regulations can be provided online by March 30, 2017.
Protecting Ontario's consumers is part of our plan to create jobs, grow our economy and help people in their everyday lives.
- 1.6 million Ontarians now live in condos and that number continues to grow.
- More than 50 per cent of new homes being built in Ontario are condos.
- There are over 750,000 condo units in Ontario, up from 270,000 units in 2001.
- The government received about 200 recommendations for condominium law reforms through its public consultation process.