Ontario’s Residential Condominium Buyers’ Guide
What is the purpose of the Condo Buyers’ Guide?
Ontario’s Residential Condominium Buyers’ Guide (Condo Buyers’ Guide) was developed by the Condominium Authority of Ontario (CAO) in collaboration with the Ministry of Government and Consumer Services (MGCS) and approved by the Minister as a helpful resource for the buyers of residential pre-construction/new condo units.
You can read and refer to the Condo Buyers’ Guide from the moment you begin to consider buying a condo unit and throughout your condo ownership life cycle.
As of January 1, 2021, section 72 (1) of the Condominium Act, 1998 (the Condo Act) will require that declarants provide the Condo Buyers’ Guide to buyers of residential pre-construction/new condo units.
Under section 73 (2) of the Condo Act, buyers have a 10-day cooling off period in which they may rescind their agreement of purchase and sale. This 10-day period begins on the later of the date on which the buyer receives the agreement of purchase and sale, disclosure documents, and the Condo Buyers’ Guide.
What does the Condo Buyers’ Guide contain?
The Condo Buyers’ Guide equips prospective buyers of residential pre-construction/new or resale condo units with information on condo ownership and the condo purchase process.
It also contains various topics including moving into a residential pre-construction/new condo unit, condo living, and how condo owners can resolve issues.
Although the Condo Buyers’ Guide is primarily written for condo buyers, if you have recently purchased a unit, or even if you are a long-time condo owner, the Condo Buyers’ Guide may also be of interest to you as it covers many topics relevant to condo ownership.
The Table of Contents was designed by MGCS after consultations with the condo sector and contains necessary and up-to-date topics that are important for all condo buyers to consider.
Can I provide feedback on the Condo Buyers’ Guide?
We are encouraging readers of the Condo Buyers’ Guide to provide feedback regarding areas for enhancement. Taking part in this feedback survey allows the CAO and MGCS to continue to develop a Condo Buyers’ Guide that best meets the needs of prospective condo buyers, condo owners, and the condo sector.
If you wish to provide feedback on the Condo Buyers’ Guide, please click here, or click on one of the ‘Leave Us Your Feedback on the Condo Buyers Guide Here’ buttons on this page.