Tridel condos toronto . Ontario implements new rules for the purchase of apartments and uncompleted flats! The provincial government announced that the provincial government has launched a new “apartment buyer’s Guide” to help apartment buyers make informed purchase decisions.Please Visit: Tridel condos toronto to Get Your VVIP Registration Today!
Starting from January 1, 2021, developers across the province must provide buyers of new or pre-sold residential apartments with guidelines and copies of current disclosure statements.
The new guide will include up-to-date information on all aspects of apartment ownership, such as:
“buying an apartment is a major decision to give buyers access to information so that they can have confidence in their new house,” Lisa Thompson, director of government and consumer services, said in a press release.
The provincial government’s new apartment guide contains up-to-date information on apartment ownership and the apartment purchase process. We are committed to ensuring that apartment buyers have access to the information they need so that they and their families can make the right decisions. “
The guide was developed by the Ontario apartment Authority (CAO) and approved by the Government and the Director of Consumer Services on the basis of consultation with key stakeholders and the public.
According to data released by the provincial government, there are currently about 900000 condos and more than 11000 apartment companies in Ontario.
According to the 2016 census, about 13% of households in Ontario live in apartments.
About 55 per cent of new buildings under construction in Ontario are apartments, according to data from the Canadian Mortgage Housing Corporation (CMHC).