Change is coming. The Ontario Condominium Act, which is expected to go into law at the end of 2016, will bring fundamental change to the way condos in Ontario are governed.
Bill 106, also know as the Protecting Condominium Owners Act, 2015, is a groundbreaking set of laws. It is being hailed as one of the most advanced laws regarding condominium governance anywhere in the world.
So often, though, laws are enacted, and don’t have any real consequence for most of us. The Ontario Condominium Act is different; it offers legal protection to condo owners and is written with modern realities in mind.
Here are 10 actions the Ontario Condominium Act will put in place to change condo governance, and how you can prepare for the coming changes.