The Condominium Act

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The Condominium Act

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Strengthening the Condominium Act, 1998 is part of the Provincial Government’s plan to ensure a fair and safe marketplace for Ontario families. Since the Condominium Act, 1998 was enacted in 2001, there have only been minor changes to the legislation. In the same time period, the number of condominiums being constructed has grown tremendously, with GTA being the hot-bed of condo development in North America.

Mississauga Cooksville riding of which Square One condos are a part, has over 100 condo buildings. And there are many more condo projects in the works. Early this spring, MPP Damerla introduced a private member’s motion to look at alternative dispute resolution mechanism. It was welcomed by all parties and passed first reading in the House. She says she’s excited that the Government has gone an extra step by reviewing the entire Condominium Act. “This is democracy-in-action. At countless door steps I have heard the challenges many condo owners, residents and boards face. I have spoken to condo developers and property managers to hear their concerns as well. Our government is now responding to these concerns. We want to renew the Condominium Act by listening to the condo community first hand. Our review will enable all citizens to voice their opinions so that we can build a stronger Condominium Act,”-MPP Dipika Damerla, Mississauga East-Cooksville.

Related link:

Condominium Act, 1998
 

By | 2017-01-23T12:11:01+00:00 November 28th, 2012|Categories: Condos, Realty Talk|Tags: |Comments Off on The Condominium Act

About the Author:

Amit Kalia
Amit is a full time local REALTOR® since 2003. Currently he is with RE/MAX Real Estate Brokerage Inc. in Mississauga. RE/MAX is Canada's #1 real estate company. He is supported by a very strong Sales and Marketing team. Together with his team, Amit has been serving property sellers, first time buyers, real estate investors, landlords, renters, new immigrants to Canada and non-residents. Amit and his team specialize in Square One condos and also work in many other Mississauga neighbourhoods. Team Amit Kalia offers a 30 Days Sold Guarantee to Sellers. Amit's team also provides exclusive A La Carte property management services for their investor clients and landlords.