Buying a condominium with complete peace of mind: Launch of a new guide!
*Please note that the guide is only available in French at the moment.
Montreal, February 9, 2022 – The guide Devenir copropriétaire : L’achat de mon futur condo is now available for any buyer wishing to learn more about co-ownership. This book, which is an essential resource, was produced jointly by Garantie de construction residentielle (GCR), the Organisme d'autoréglementation du courtage immobilier du Québec (OACIQ) and the Regroupement des gestionnaires et copropriétaires du Québec (RGCQ). , with the collaboration of condolegal.com
Buying a condominium is more complex than buying a single-family home in several ways. This mode of living has specific constraints, which it is better to know before starting. With more than 350,000 condominium units listed in 2021*, it became essential to provide consumers with a comprehensive tool to help them find their way around.
“During the purchasing process, it is sometimes difficult to know where to turn. Thanks to this guide, buyers will be able to identify the important information to obtain before the transaction and understand how a condominium works. It will be a valuable tool to avoid unpleasant surprises and support them at every step,” says Laurent Émery, General Manager of the RGCQ.
Available free online, it allows, among other things, to demystify the particularities of divided co-ownership, to better understand the declaration of co-ownership and the contingency fund, as well as to learn more about the operation of a syndicate of co-owners.
The guide also deals with the roles and responsibilities of co-owners, whether they are buying an existing or new co-ownership. “People may sometimes think that by buying new there is less to do and watch, but that is not correct. This guide clarifies all that and we are convinced that it will greatly help future buyers make informed decisions. says Daniel Laplante, President and CEO of GCR.
“The OACIQ is proud to have collaborated in the production of this new guide, which fits well with its sole mission to inform and protect the public by applying the Real Estate Brokerage Act. The real estate brokers who accompany the buyers will have one more tool to properly inform and advise them throughout the process. This guide will certainly become a reference tool, among others for first-time buyers, for whom co-ownership remains an interesting avenue and who must be well informed. underlines Me Nadine Lindsay, President and Chief Executive Officer of the OACIQ.
The guide is available free online as well as in PDF format to download: https://www.monfuturcondo.info/
About Garantie de construction résidentielle (GCR)
Residential Construction Guarantee (GCR) is a neutral and independent non-profit organization (NPO), whose mission is to protect buyers of new homes and to promote the improvement of the quality of construction in Quebec. Beyond this mission, GCR has the mandate to administer the guarantee plan for new residential buildings for the entire territory of Quebec.
Residential Construction Guarantee (GCR) is a neutral and independent non-profit organization (NPO), whose mission is to protect buyers of new homes and to promote the improvement of the quality of construction in Quebec. Beyond this mission, GCR has the mandate to administer the guarantee plan for new residential buildings for the entire territory of Quebec.
About the Organisme d'autoréglementation du courtage immobilier du Québec (OACIQ)
The Organisme d'autoréglementation du courtage immobilier du Québec (OACIQ) ensures the protection of the public who uses real estate brokerage services governed by the Real Estate Brokerage Act. He is a member of the Real Estate Brokerage Regulatory Authorities of Canada (ARCIC), an organization that brings together all Canadian regulators in real estate brokerage, building inspection, and condominium management for certain provinces.
The Organisme d'autoréglementation du courtage immobilier du Québec (OACIQ) ensures the protection of the public who uses real estate brokerage services governed by the Real Estate Brokerage Act. He is a member of the Real Estate Brokerage Regulatory Authorities of Canada (ARCIC), an organization that brings together all Canadian regulators in real estate brokerage, building inspection, and condominium management for certain provinces.
About the Regroupement des gestionnaires et copropriétaires du Québec (RGCQ)
The RGCQ is a non-profit organization founded in 1999 whose mission is to improve the management and governance of Quebec co-ownerships. Representing more than 90,000 condominium units and 300 companies, the RGCQ is the spokesperson par excellence for co-owners, syndicates and condominium managers. The maintenance and conservation of the building is its main raison d'être.
- 30 -
For an interview or for more information:
• Association of managers and co-owners of Quebec: l.emery@rgcq.org
• Residential construction guarantee: jslapointe@garantiegcr.com
• Quebec Real Estate Brokerage Self-Regulatory Organization: medias@oaciq.com
• Association of managers and co-owners of Quebec: l.emery@rgcq.org
• Residential construction guarantee: jslapointe@garantiegcr.com
• Quebec Real Estate Brokerage Self-Regulatory Organization: medias@oaciq.com