New-home vendors must attach prescribed addenda and buyer information sheets to purchase agreements

Plain-language summary · AI-assisted

A new regulation sets out exactly which standardized documents must be completed and attached to purchase agreements for new homes in Ontario, depending on the home type. Vendors selling new freehold homes, new condominium homes, new vacant land condominium homes, or freehold homes on parcels of tied land must ensure buyers complete the correct addendum (choosing between a tentative or firm closing/occupancy date version) and, for agreements signed from a specified cut-off onward, a corresponding buyer information sheet. Both documents must form part of the signed purchase agreement. Different sets of prescribed forms apply depending on whether the agreement was entered into before or after January 1, 2027, with older forms (dated October 7, 2020) governing earlier agreements and updated forms (dated August 24, 2026) governing later ones. The regulation does not apply to construction contracts. All prescribed forms are available on the regulatory authority's website and at its offices during business hours.

Who this affects
new-home builders and vendors · pre-construction home buyers · real estate lawyers and conveyancers · condominium developers