The Government of Yukon has approved new regulations for the Condominium Act, 2015, setting the date for the new Act to come into force on October 1, 2022. Proclaiming these regulations in the fall will support the building season without unnecessary disruption.
Six sets of regulations under the Condominium Act, 2015 have been approved, including:
- the Condominium General Regulation;
- the Condominium Reserve Fund Regulation;
- the Bare Land Condominium Regulation;
- the Condominiums on Leasehold Land Regulation;
- the Phased Development Regulation; and
- the Converted Building Condominium Regulation.
The approval of these regulations will allow the updated Condominium Act, 2015 to come into force, modernizing condominium legislation in the Yukon by balancing development opportunities with consumer interests.
This new legislation provides additional rights and protection measures for buyers, owners and renters of condominiums, as well as provisions that ensure responsible construction and governance of condominiums in the Yukon. The new regulations also provide opportunities for local businesses and professionals to develop the skills needed to produce reserve fund studies, building assessment reports and financial statements.
Information sessions on the new legislation and regulations will begin in spring 2022 to provide partners, stakeholders and the public with more details on the legislative changes.
The new condominium legislation coming into force this October will modernize condominium regulations in the territory and ensure that developers, buyers, renters and owners have clear rights and responsibilities. Thank you to the many organizations, partners and stakeholders who have worked hard to help develop these new policies. We are excited to bring this new Act into force. It will align the Yukon’s condominium legislation with other Canadian jurisdictions.
Minister of Justice Tracy-Anne McPhee
The Government of Yukon conducted public engagement on the Condominium Act, 2015 in 2018, as well targeted engagements in 2020 and 2021.
Amendments to the Condominium Act, 2015 were passed by the Yukon Legislative Assembly in December 2020.
The Government of Yukon has worked with the Land Titles Modernization Stakeholder Advisory Committee throughout the condominium regulation development process. The new Condominium Act, 2015 represents many years of work with various organizations.
Renée Francoeur
Cabinet Communications
867-334-9194
renee.francoeur@yukon.ca
Fiona Azizaj
Communications, Justice
867-667-8148
fiona.azizaj@yukon.ca