According to chapter C-67.2 of the “COOPERATIVES ACT”, section 221.2.3, Where a building belonging to a housing cooperative has been built, acquired, restored, or renovated under a housing assistance program of the Government, the federal government or one of their departments, agencies or bodies, the cooperative must have the building inspected by an expert at least every five years and submit the expert’s report at the cooperative’s meeting that follows the filing of the report. In its annual report, the cooperative must give the date of the last inspection of the building, and report on the maintenance and preservation work done and on the related budgets.
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