Ontario’s Home Construction Regulatory Authority (HCRA), the regulator responsible for licensing the people and companies who build and sell new homes in the province, has made changes to the New Home Construction Licensing Act.

Condominium Information Sheet

O. Reg 454/22 under the New Home Construction Licensing Act, 2017 came into force on July 1, making it mandatory for all agreements of purchase and sale to attach the HCRA’s updated condominium information sheet as the first page of the agreement.

The required document for buyers of new and pre-construction condos was first rolled out in February 2021 for any projects where the sale was made before January 1, 2020. This grandfathering is no longer available as of July 1.

Licence Application Forms

License application forms for new builders and vendors regarding financial disclosure were also updated on July 1. All new applicants must declare compliance with the Condominium Act, as well as all federal, provincial and municipal tax laws.

The amended licence application forms with the new statement are available on the HCRA Builder Portal, commencing June 30, 2022. As stated in an Aird & Berlis LLP release, any applications commenced online before July 1, but not yet fully submitted until after July 1, will be required to include the new statement.