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Condo industry’s brave new world

Thursday, February 25, 2016 @ 7:00 PM | By Armand Conant and Joel Berkovitz

Last year brought significant changes to the condominium industry with the introduction of Bill 106, consisting of the Protecting Condominium Owners Act, 2015 (the “PCOA”) and the Condominium Management Services Act, 2015.

Introduced in May, 2015, the bill passed second reading in mid-September, third reading on Dec. 2 and received Royal Assent on Dec. 3, 2015. It is hoped that both statutes will be fully proclaimed by the end of this year or early 2017 (perhaps with portions of the PCOA being proclaimed during 2016)....