January 15th 2016- Ontario has been revising for a long time its 1998 Condominium Act (Condominium Act). Its new version adopted December 2nd 2015, designated the “2015 Protecting Condominium Owners Act “has significantly reinforced the measures of protection applicable to condo associations”.
January 15, 2016 – The Garantie de construction résidentielle (residential construction Garanty.GCR) has recently appointed Daniel Laplante as its new CEO. He officially takes office on January 15, 2016. He succeeds Gina Gaudreault, who was the first person to hold this position since the creation of the GCR.
January 12, 2016 - As of February 15, 2016, residential buyers who wish to get hypothecary insurance will be subject to a new rule in Canada, namely a larger minimum down payment for any purchase exceeding $ 500,000.
January 11, 2016 -Housing starts of single family homes have been at a "historic low" in 2015, confirms Canada Mortgage and Housing Corporation (CMHC). This statement concerns all major urban centers of Quebec.
January 5, 2016 – As of January1, 2016, Revenu Québec imposes the use of the RL-31 slip (RL-31). This document is intended for those individuals or businesses who own a building containing at least one leased dwelling. They are required to provide this slip to any tenant whose name is on a lease or who sublets an apartment, as of December31, 2015 specifically.
December 17th, 2015 - The Quebec government announced that the new Code of Civil Procedure, adopted in 2014, will come into force on January 1, 2016. The new Code of Civil Procedure brings major changes to the legal process.
December 14, 2015 –The stand of Pavilion Condo was a hub of activity this fall during the Montreal ExpoHabitation. The event, which took place in the Olympic Stadium October 22 to 25, 2015 once again offered lectures whose relevancy was undeniable.
December 8th, 2015 – According to CMHC (Canada Mortgage and Housing Corporation), the cities of Vancouver, Toronto and Winnipeg are showing a steep increase in the number of foreign purchasers in 2015.