N.S. govt to beef-up consumer protections for condominium owners and buyers

The Canadian Press ~ The News
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HALIFAX - The Nova Scotia government says changes it wants to make to the Condominium Act will increase protections for condominium owners and prospective buyers.
The government wants to make 54 changes to the law following a review of the act and consultation with condo owners, corporations, developers and property managers.
The government says the changes would give buyers access to more information at the time of purchase, and double the length of the cooling off period after a purchase to allow a buyer more time to review contracts and other paperwork.
Developers would also be prohibited from requiring buyers to move into units before a building is completed.
Protection would also be extended for those who buy into phased developments.
As an example, land earmarked for recreational use in an uncompleted phase of a development would have to be developed in a similar manner if a project is resumed in the future.

Geographic location: HALIFAX, Nova Scotia

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