New Provincial Residential Condominium Guide for Condo Buyers
As of January 1, 2021, developers across the province are required to provide purchasers of new or pre-construction residential condos with a copy of the guide at the time of purchase and sale. The guide includes information on a variety of aspects of condo ownership, including:
- The condo purchasing process
- Information surrounding purchases of pre-construction units
- Condo living and governance
- Resources for resolving issues related to condo living
Under the Condo Act, purchase agreements for new or pre-construction condos purchased from developers are not binding on purchasers until developers provide purchasers with a copy of the current disclosure statement. As of January 1, 2021, this requirement has been amended to also require developers to provide a copy of the guide.
You can download a copy of the new Ontario Residential Condominium Buyers’ Guide, here