The Ontario government’s Homeowner Protection Act passed third reading today.  Royal Assent is anticipated to happen as quickly as June 7, 2024.  The bill amends several pieces of existing key housing legislation and is meant to significantly strengthen protections for homeowners and buyers of new freehold homes. The Homeowner Protection Act, 2024, aims to enhance consumer rights by banning the registration of Notices of Security Interest (NOSIs) for consumer goods on the Land Registry and deeming existing NOSIs for consumer goods to be expired. Additionally, the Act introduces a 10-day cooling-off period for buyers of new freehold homes, offering them greater security and flexibility.