Changes to Alberta Condo Act suspended for 6 months
Although COF is disappointed in the delay of Legislation that has been in the works since 2013. Condo Owners Forum Society hopes this Government will use the next 6 months to finetune this legislation in the best interests of all Owners who are, in our opinion, often forgotten as the primary stakeholders in this process. click here to view the COF full Press release
Regulations passed by the previous government in fall 2018 have been identified by multiple stakeholders – beginning during consultations and continuing until now with a petition – as adding red tape.
“Since becoming minister, I have been approached by stakeholders who felt overlooked by the previous government around their concerns that the proposed changes would add administrative burdens on boards and managers. We take these concerns seriously and we are not afraid to take bold and decisive action in the interests of Albertans.”Nate Glubish, Minister of Service Alberta
The government will meet with key stakeholders over the next few months to find out if these new regulations constitute an excessive administrative burden or challenge for condo boards, owners, corporations and others involved in the condominium industry. Any adjustments to those regulations will be considered only after the summer’s review has taken place. for the full text of the Government Press Release click here