On January 1, 2021 further amendments under the Protecting Condominium Owners Act, 2015 will come into force. These amendments relate to the “Condominium Guide” that must be delivered by the declarant to purchasers of new condominiums. It will be provided with the disclosure statement and a purchaser will not be bound by an agreement of purchase and sale until the declarant has provided the Condominium Guide in addition to the other required documents.
The Condominium Authority of Ontario (CAO) has been delegated authority to create the Condominium Guide. It is now available on its website: https://www.condoauthorityontario.ca/resources/condo-buyers-guide/