The following is an update from the Ministry of Public and Business Service Delivery and Procurement on the implementation of the 10-day cooling-off period for buyers of new freehold homes, and the new information sheet and addenda requirements.
After considering current market conditions, the implementation date for the 10-day cooling-off period for buyers of new freehold homes, and the new information sheet and addenda requirements, has been revised to January 1, 2028.
This means that the existing addenda and condo information sheet requirements under the New Home Construction Licensing Act, 2017 (Licensing Act), and the Ontario New Home Warranties Plan Act (Warranties Act) will continue to apply for purchase agreements entered into on or after January 1, 2027.
The cooling-off period for buyers of new freehold homes and the requirements to use the new information sheets and addenda dated August 24, 2026, will apply only to purchase agreements entered into on or after January 1, 2028.
To implement this revision, amendments were made to the following regulations under the Licensing Act and Warranties Act:
Under the Licensing Act:
Under the Warranties Act:
The government remains committed to strengthening consumer protection in the new home building sector while recognizing current market conditions.
