Regulations announced to accompany 10-day cooling-off period for buyers of new freehold homes: consultation period ending soon
The Homeowner Protection Act We recently published a bulletin on Ontario’s passing of the Homeowner Protection Act, 2024, which, among other things, introduced a 10-day cooling-off period for buyers of new freehold homes (the “Cooling-Off Period”). During the Cooling-Off Period, […]
Enhanced GST rebate proposed on new residential rental buildings to boost supply
On September 14, 2023, the federal government announced proposed legislation to boost the existing GST Rental Rebate for new purpose-built rental housing from 36% to 100% for qualifying buildings, while eliminating the phase-out thresholds for rental units above $350,000 in […]
2 ways the ban on purchasing residential real estate by non-Canadians is affecting builders and developers
The Prohibition on the Purchase of Residential Property by Non-Canadians Act (the “Act”) took effect in January. The Act bans “non-Canadians” from buying “residential property” for two years and it is intended to increase the supply of housing to Canadians. […]
Upcoming changes to the sale of pre-construction residential condominium units
The winds of change have been blowing, and not just on construction sites but in the regulation of pre-construction homes as well. After an expansive audit from the Attorney General of Ontario, the Government of Ontario and the Tarion Warranty […]
Condo development and COVID-19: bonding, limitation periods and turnover
UPDATE: Late in the day on April 24, 2020, the Government of Ontario passed an Order amending Ontario Regulation 107/20 to permit condominium corporations to hold meetings and cast votes virtually (by telephonic or electronic means), notwithstanding any current requirements […]
Unavoidable Delay – Tarion Statement of Critical Dates and Addendum Q&A COVID-19
With the rapid spread of COVID-19 across Canada and worldwide, governments and businesses are taking steps to contain the virus and flatten the curve of transmission. As a homebuilder, you might be concerned about meeting your obligations to your purchasers […]
“Material Change” in Condominium Developments: A Recent Court of Appeal Decision
Back in April, we looked at a Court of Appeal decision addressing disclosure to purchasers of proposed units in condominium developments. It was a cautionary tale for the risk associated with inconsistent or confusing disclosure or omitting to disclose where […]
Disclosure to Purchasers in Ontario Condominium Developments: A Recent Court of Appeal Decision and Legislative Amendments Already Addressing the Issue
To enable informed decision-making in the condominium market, the Condominium Act, 1998 (Ontario) (the “Condo Act”) imposes upon “Declarants” (the builders of new condominiums who are responsible for registering the declaration and description that will govern the property) the obligation […]
