The divided co-ownership (condominium) sector in Québec is undergoing a major transformation. Since August 14, 2025, new government rules have been in effect to ensure greater transparency in real estate transactions and to safeguard the long-term condition of buildings.
Whether you are a seller, buyer or manager, here are the three pillars of this reform you absolutely need to know.
1. The mandatory certificate on the condition of the co-ownership
From now on, every seller of a divided co-ownership unit is legally required to provide the future buyer with a certificate on the condition of the co-ownership.
- Deadline: Once requested by the owner-seller, the syndicate of co-owners has 15 days to provide this document.
- Required content: Although there is no single government form, the certificate must include specific information, including:
- The balance of the contingency fund and the self-insurance fund.
- The amount of common expenses (condo fees) for the past three years.
- The current year’s budget and the surpluses or deficits from the last three financial statements.
- The history of claims, major repairs completed (past 5 years) and those planned (next 10 years).
- Any ongoing legal disputes involving the syndicate.
Important note: The usual Request for Information to the Syndicate form (DRCOP) is still useful, but it does not replace this new legal certificate.
2. Maintenance logbook and contingency fund study
To promote sound building management, syndicates of co-owners must now meet two strict technical requirements:
- Maintenance logbook: A detailed document listing the work required on the building.
- Contingency fund study: This is now mandatory every 5 years.
Syndicates generally have until August 14, 2028 (a 3-year period) to comply with these obligations. These documents must be prepared by recognized professionals (members of designated professional orders).
3. Deposit protection for new construction projects
If you buy a condo off-plan, your deposits are now better protected. The developer is no longer allowed to collect your deposits directly.
These funds must be paid to a designated professional (notary, lawyer, CPA or chartered administrator), who will hold them in a trust account until the transaction closes.
Tips for sellers and brokers
- Be proactive: Don’t wait until you have a promise to purchase to request the certificate from your syndicate, especially given the 15-day period it is allowed.
- Review: Your real estate broker will review the certificate to make sure it contains all the information required by the Regulation and will advise you on next steps.
This content is based on OACIQ guidelines updated in August 2025. For any specific legal question, we recommend consulting a legal professional.