The Government of Alberta (Service Alberta) is taking steps to strengthen condominium legislation to address the current needs of condominium corporations, unit owners, and developers; and raise standards in Alberta”s condominium industry. The Alberta Government is currently consulting with industry stakeholders and the public on changes to the Condominium Property Act.
If you are a Condominium Owner, developer or involved in the industry I urge you to complete the survey and make your opinion count. Below is an article from the Service Alberta Website with the links to participate.
Let”s Talk Condos: A Message From The Minister
The Government of Alberta is taking steps to strengthen condominium legislation to address the current needs of condominium corporations, unit owners, and developers; and raise standards in Alberta”s condominium industry.
I encourage you to participate in our consultation and have your say on the future of condominium legislation in Alberta.
The deadline for responding to the consultation paper is April 2, 2013. I look forward to hearing from you.
Sincerely,
The Honourable Manmeet S. Bhullar
Minister of Service Alberta
Consultation Overview
The consultation paper covers a range of condominium issues and outlines legislative proposals and options aimed at resolving these issues. Your opinions will help us measure support for the choices being considered and assist the ministry in developing recommendations for legislative changes.
The following key topics are included in the paper:
- Consumer protection for buyers;
- Insurance requirements for the corporation and unit owners;
- Repairs to unit property following damages;
- Access to corporation records;
- Dispute resolution;
- Board governance; and
- Knowledge, competencies and standards of practice for condominium managers.
Background
Since the Act was last amended in 2000, the condominium industry has steadily grown and evolved, as more and more home-buyers choose to live and invest in condominiums. Growth in the number, variety and complexity of condominium developments, in conjunction with new industry trends and issues prompted Service Alberta to open the Condominium Property Act (the Act) and Regulation for review.
A committee of condominium owners, developers, lawyers, condominium managers, real estate representatives and other stakeholders was struck to assist the ministry with For loan calculators, the annual percentage rate (APR), is the cost of free-credits-report.com over the term of the loan expressed as an annual rate. the review.
The committee concluded that the Act is generally working well; however, members identified a number of issues for examination, in addition to identifying parts of the Act that should be made clearer and easier to understand. Letters, phone calls and emails from stakeholders indicate a need to strike a better balance between the rights and responsibilities of developers, boards and unit owners and to consider new rules aimed at improving the day-to-day operation of condominium corporations.
Condominium construction and warranty
Municipal Affairs” increases the maximum fines for violations of the Safety Codes Act, extends the limitation period for prosecution of offences under the Act, and makes home warranties mandatory for new homes to improve construction quality and strengthen consumer protection.
Quick Facts
- There are nearly 8,000 condominium corporations in Alberta, representing hundreds of thousands of residents.
- Nearly 20 per cent of homes sold in the province through the Multiple Listing Service (MLS) in the last year were condominiums.
- Nearly one in every three homes sold in Edmonton and Calgary through MLS in the last year were condominiums.
Links:
Please note: If you are unable to access the consultation paper online, a paper copy can be mailed to you by phoning 1-877-427-4088 toll-free in Alberta.