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Real Estate


Coming soon: updates to the Condominium Act (and two chances to air grievances)

The provincial government is reaching out to the million condo dwellers in Ontario to help upgrade the 1998 Condominium Act into something a bit more modern. The Liberals have launched public consultations to tackle consumer protection for buyers, condo board governance, reserve fund management and dispute resolution, all of which should help owners navigate some of the less-than-awesome aspects of owning a condo (incidentally, the subject of Toronto Life’s July cover story). The idea seems stolen from inspired by Trinity-Spadina MPP Rosario Marcheses private member’s bill to create a condo review board, which recently passed the second reading in the House and is also at the public consultation stage. So for anyone who wants to gripe about maintenance fees or shoddy balconies, this summer will provide ample opportunity. [Toronto Star]