McGuinty Government to Launch Condo Review Consultation


The Condominium Act, 1998 and Regulations

Condo Owners Association - COA is pleased to be participating in a stakeholders meeting with the Ministry of Consumer Services to modernize the Condo Act 1998 as per the press release noted in the Newsroom Ontario Government Announcement - June 8, 2012 11:00 AM Ontario is taking steps to modernize the condominium act so it reflects the current and future needs of owners, residents and other stakeholders in the condominium community. In an effort to respond to a booming and evolving industry, Ontario will launch a public consultation to identify a comprehensive set of issues, and long-term solutions relating to matters such as:

  • consumer protection for buyers
  • condominium finances and reserve fund management
  • condominium board governance
  • expertise/accreditation of condominium managers
  • dispute resolution, for instance between condo boards and owners

 

The review will directly directly engage the entire condominium community, including owners, residents, developers and property managers. Members of the condominium community will have the opportunity to speak about their issues, hear the concerns of others and work together to develop solutions. Details of the public engagement process and information about how to participate will be announced this summer.

Strengthening the Condominium Act is part of the McGuinty government's plan to ensure a fair marketplace for Ontario families.


Condo Owners Association (COA) Comments/Announcements

COA has played a very active role in moving forward for a better understanding of the problems and bringing this information to the forefront. Matt Galloway – CBC Metro Morning in conversation with Linda Pinizzotto, Founder, President/CEO of the Condo Owners Association about the risks condo owners face and their limited protection. Cam Wooley’s “Know your Rights” on CP24 also welcomes our input. Building value issues relate are affected by unwarranted costs relating to premature deficiencies falling past the minimal and limited Tarion Warranties. COA continues to work with Government to embrace the issues to help Condo owners ensure their safety, investment sustainability and good business infrastructure of the condo world. The mass construction of Condominiums in the past few years has identified over 1.3 million Condo Owners in our Province.


See Ministry of Municipal Affairs and Housing

Municipal Affairs and Housing Minister, Kathleen Wynne has announced changes to strengthen the Ontario building code to help prevent balcony glass of newly constructed buildings from breaking and keep Ontarians safe in high-rise buildings.

     

Condo Facts

There are over 1.25 million Condo Owners in Ontario and the numbers are growing. According to the Municipal Property Assessment Corporation, as of 2010; there are more than 6,750 Condo Corporations with residential housing which accounts for over 1/2 million Condo Units in the Province of Ontario. The Condo Owners Association embraced their mission to work with our Provincial Government for changes to the Act. COA has provided extensive input to our Minister of Consumer Services, our MPP's, MP's and local Municipal representatives. COA has fielded thousands of calls from Condo Owners across the Province who are recognizing that COA is their Association when they need help.


June 2012 McGuinty Supports Changes to the Condo Act

There are several other Provinces across Canada who have recognized that changes to protect the rights of Condo Owners must be made. We are extremely excited that the Premier has committed that the Condo Act will be opened for review. "It is a long time coming and with the extensive growth of condominiums across the Province; the existing Ontario legislation must ensure a viable and sustainable future for existing and new construction condos recognizing that Condo Owners rights must be protected and Condo Corporations are functioning within stricter requirements and mandates of the Condo Act at the same time creating harmony within Condo Communities", said Linda Pinizzotto, President CEO of Condo Owners Association.

There are over 1.25 million Condo Owners in Ontario and the numbers are growing. According to the Municipal Property Assessment Corporation, as