New Construction Act receives Royal Assent: Industry awaits proclamation, regulations

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Following Royal Assent just before Christmas, Ontario’s new Construction Act will radically reform industry practices, including payment terms and dispute resolution.

But for the first few months this year, it will be business as usual because most of the key legislative provisions still need regulatory implementation and proclamation, and there are many details yet to be resolved. The legislation also includes grandfathering provisions, meaning that existing projects and lien rights will continue as before for existing and recently completed projects.

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