Alberta's New Condominium Laws – A Greater Administrative Burden For Developers

With the recent proclamation of several sections of the Condominium Property Amendment Act, 2014 and the Condominium Property Amendment Regulation, as of January 1, 2018, and April 1, 2018, the Condominium Property Act (Alberta) (the Act) and the Condominium Property Regulation will be substantially amended.

One of the main objectives of the amendments is to improve protections for buyers and existing owners; however, such protections come at the expense of developers, who are now saddled with a greater administrative burden.

Briefly, some key amendments developers will face, the majority of which come into force as of April 1, 2018, are as follows.

Firm Move-In Dates: A developer is required to set firm move-in dates for buyers and prepare an occupancy statement setting out a fixed date or range of dates, by which the unit must be ready for occupancy. Such occupancy statement must be provided to the buyer at the time the purchase agreement is executed, and the