Decisions shake up the status quo of condo developer disclosure

By Audrey Loeb ( August 2, 2018, 8:53 AM EDT) -- In 1999, Justice Gloria Epstein in Peel Condominium Corporation No. 505 v. Cam Valley Homes Ltd., [1999] O.J. No. 4068 found, in a dispute between a townhouse condominium corporation and its developer that the adequacy of disclosure concerning the potential use of a parcel of adjoining park land, was not adequate and not made in good faith. The developer had disclosed only that the park land might be repurposed; the statement was buried deep in the documents. This decision was heralded as a breakthrough for condominium purchasers....