Alberta proposes condo law changes

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The Alberta government is proposing some changes to the province’s condominium laws but there are concerns that the laws will be too weak. Among the measures on the table; better consumer protection for condo buyers including clearer information; safeguarding of deposits held by developers using trustee accounts, and developers to pay their share of fees for unsold units; better management of condo boards; and better regulation and management of disputes procedures. June Donaldson, a condo owners’ advocate, says the proposals improve on previous ones but don’t go far enough to protect owners. Jim Rivait of the Canadian Home Builders’ Association says: “Now that the Condominium Property Act has been introduced in the legislature, we will begin a detailed review and we look forward to working with Service Alberta Minister Stephen Khan to ensure the legislation meets the need of homebuyers.”

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