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.
- The creation of various operating governance requirements for ;
- Protecting Condominium Owners Act, 2015
- Condo Authority
- Condo Authority Tribunal
- Condominium Management Services Act
- Licensing Authority
- Licensing Authority Tribunal
2. In addition to the above, the physical and administrative structures must be implemented, such as;
- Appointment of the Advisory Councils Members
- Staffing two Authorities
- Physical offices including equipment and technology
- Determined processes
- Setting multimillion dollar budgets
- Selection of vendors
- Locating and non-negotiable recruitment of thousands of unknown members
- 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.