Tarion’s Adventure into Residential Condominium Conversion

Effective January 1, 2018, builders backed by Tarion will be providing new home warranties for residential condominium conversions as a result of amendments to the Condominium Act. As a result, any project whose first agreement of purchase and sale was sold to an arm’s length purchaser after January 1, 2018, will be required to adhere to the new procedures which are dealt with in detail in Tarion’s Bulletin 51.