New delayed-closing/occupancy addendum forms required for new home purchase agreements signed from January 1, 2027

Plain-language summary · AI-assisted · not legal advice

The regulation has been restructured and expanded to cover purchase agreements signed from January 1, 2027 onward under four new mandatory addendum forms (dated August 24, 2026): one each for freehold homes, condominium homes, vacant land condominium homes, and freehold homes on parcels of tied land for common elements condominium corporations. Vendors must attach the applicable addendum to every qualifying purchase agreement and are bound by a warranty to comply with its delayed-closing or delayed-occupancy requirements even if they fail to include the addendum. The previous requirement for vendors to furnish proof of addendum inclusion to the Registrar on request is being removed across all agreement date brackets when the 2027 changes take effect. The term 'contracted home' as the basis for the regulation's non-application is also being replaced by the broader concept of a 'construction contract.' Vendors, builders, and their legal and compliance teams should identify which addendum form applies to each agreement based on the home type and ensure the correct 2026-dated document is attached at signing.

Who this affects: new home vendors and builders · purchasers of new freehold homes · purchasers of new condominium homes · purchasers of vacant land condominium homes · purchasers of freehold homes on parcels of tied land