Although similar to standard residential real estate, Condominium transactions are distinct and must comply with separate legislation: The Condominium Act C.C.S.M. c. C170 (hereinafter the "Act").
There are a number of differences between a standard real estate transaction and one involving a Condominium. Most importantly, the Buyer has a right to cancel the agreement (for any reason) until such time as all disclosure is provided and the 7-day cooling-off period has expired. In this article, I will outline some of the notable difference.