Changes to the Electronic Commerce Act that dictate e-laws went into effect July 1st, 2015. Ontario is following the soot steps of 5 other provinces, Quebec, New Brunswick, Manitoba, Newfoundland and Labrador, and Prince Edward Island, in permitting electronic signatures on real estate documents, making transactions much easier and more time efficient.
“The agreement of purchase and sale is one of the most important documents in a real estate transaction. The ability to sign it electronically will make the process of buying or selling more efficient. This is great news for realtors as well as consumers across the province.”
Before this change came into effect, all agreements needed to be scanned, faxed, and emailed many times over. This process often made the purchase or sale of a property overly taxing and documents difficult to read. Now, with secure technology, consumers can comfortably and confidently sign and track documents with ease.
For more information on the Electronic Commerce Act, please visit the Province of Ontario's website at http://www.ontario.ca/laws/statute/00e17?search=electronic+commerce+act&_ga=1.15735542.1394913168.1439221988.