Which legislation serves as the primary governing law for condominiums in Ontario?

The Condominium Act, 1998 is the primary legislative framework that governs the creation, operation, and management of condominiums in Ontario. This act outlines the rights and responsibilities of condominium corporations, owners, and residents, and it provides the regulations necessary to ensure the effective management of condominium properties. It covers various aspects including governance, financial management, and operational procedures, which are crucial for maintaining the integrity and functionality of condominium communities.

In contrast, the other pieces of legislation mentioned do not specifically target condominium governance. The Landlord and Tenant Act primarily addresses rental agreements and the rights of tenants and landlords, not condominiums as ownership structures. The Property Standards By-Law pertains to the maintenance and safety standards for buildings and properties, a consideration that may apply to condominiums but not the regulatory framework governing them. Lastly, the Housing Development Act relates to broader housing development regulations but does not specifically address the nuances of condominium management.

Therefore, the Condominium Act, 1998 is essential for ensuring that all stakeholders within a condominium are aware of their legal rights and obligations, making it the correct answer in this context.