Winnipeg Free Press - ONLINE EDITION

Province boosts protection for condo owners

  • Print

The province has announced new rules to protect condominium owners and buyers, effective Feb. 1, 2015.

Buyers will be protected by an extension of the ‘cooling-off’ period following a purchase to seven days from 48 hours. There will also be enhanced cancellation rights, allowing buyers to cancel a deal if any material changes are made to what was promised before they move in.

Developers will also be required to conduct a reserve-fund study before selling any units that are converted from apartments so buyers have a clear view of a building's condition.

Developers would also have to give buyers a projection of anticipated operating costs for the first year that owners pay common expenses and would require the developer to pay the difference if real costs exceed the estimate.

Unit owners would benefit from the new rules in several ways, the government said.

A condo corporation would be required to conduct a reserve-fund study within three years of the act coming into force and to update it every five years. The study would help the board determine the appropriate reserve-fund level and reduce unexpected special assessments for major repairs and replacements.

A condo bylaw could permit the board to fine unit owners who don’t comply with bylaws and rules. The regulation would set out maximum amounts and frequency. A unit owner could appeal the fine to the Residential Tenancies Branch.

Also under the new rules, condo corporations would not be able to prohibit unit owners from renting their suites.

Condo boards could adopt a pet-free status for their buildings, but existing unit owners with pets would be exempt from the ban. However, penalties or fines for problem pets would still apply.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

HSC ready for Ebola

View more like this

Photo Store Gallery

  • Two Canada geese fly Wednesday afternoon at Oak Hammock Marsh- Front bird is banded for identification- Goose Challenge Day 3- - Apr 30, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • MIKE.DEAL@FREEPRESS.MB.CA 100615 - Tuesday, June 15th, 2010 The Mane Attraction - Lions are back at the Assiniboine Park Zoo. Xerxes a 3-year-old male African Lion rests in the shade of a tree in his new enclosure at the old Giant Panda building.  MIKE DEAL / WINNIPEG FREE PRESS

View More Gallery Photos

Poll

Who will you vote for in Wednesday's mayoral race?

View Results

View Related Story

Ads by Google