Ontario legislature gave the Royal Assent on Dec 3, 2015 and passed a newly revamped Condominium Act  which will be known as “Protecting Condominium Owners Act, 2015” (Bill 106); almost three and a half years after the government’s announced the review of the current Act.

In my opinion, we are just half way before the new Act becomes an enforceable law; the remaining work is by far the most important.

The Act is the table of contents for condominium ownership governance in Ontario; it provides the essence of the Regulations. 

Now the chapters have to be written.

The magnitude of the remaining work is beyond my comprehension.

  1. The creation of various operating governance requirements for ;
  1. Protecting Condominium Owners Act, 2015
  2. Condo Authority
  3. Condo Authority Tribunal
  4. Condominium Management Services  Act
  5. Licensing Authority
  6. Licensing Authority Tribunal

 

2. In addition to the above, the physical and administrative structures must be implemented, such as;

  1. Appointment of the Advisory Councils Members
  2. Staffing two Authorities
  3. Physical offices including equipment and technology
  4. Determined  processes
  5. Setting multimillion dollar budgets
  6. Selection of vendors
  7. Locating and non-negotiable recruitment of thousands of unknown members
  8. Fee collection

It took two and a half years for the existing Condo Act to become enforceable after being proclaimed and this time around there is so much more work; hence the prediction of a further three and a half years before the new Act (“Protecting Condominium Owners Act, 2015”) will be enforceable.

Bottom line – it is better to take the time and get it right, quality governance is worth waiting for.