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    Vaughan lawmakers change real estate terms for new development

    Clear definitions of property types are important for any new development. For example, detached houses and commercial properties have different regulations by which they must abide. In Vaughan, Ontario, city regulators are making a change to which properties fall under condominium law. While the term “condominium” traditionally refers to a unit in shared building, the GTA is introducing the concept of a detached home condo in order to encourage real estate development.

    The concept of a detached home condo was approved by staff and city councillors as a means of approving a new housing project in the historic village of Kleinburg. Residents are concerned that the redefining of “condo” will set a precedent that will allow more developers to build projects that impact the historic area. The controversial move has been actively opposed by dozens of residents.

    The real estate project that is benefiting from this change in definition consists of 28 homes, 1.8 metres apart, linked by a condo-style parking lot. The new definition has never been used in this part of Ontario. It was adjusted as the development proposal did not originally fit into city requirements.

    While some residents are concerned this will lead to other projects that will damage the integrity of the historic area, the future of housing under this definition remains to be seen. Cities across Ontario may adjust their real estate laws and permit requirements as housing needs change. Those with legal questions or concerns related to a new development, business law or real estate law should contact a lawyer.

    Source: Toronto Star, “Detached home or condo? Vaughan comes up with a compromise“, Noor Javed, Dec. 1, 2017

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    Posted By: Merovitz Potechin

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