New Condo Regulations on Hold
Let’s cut the red tape!
The new condominium regulations relating to governance matters were set to come into effect on July 1, 2019. The current government has paused the regulations giving six months to address concerns not attended to by the previous cabinet. The current government has committed to reviewing the amendments for relevancy, to cut unnecessary red tape and avoid the environmental burden of all the paper required.
Per the Press Secretary for Service Alberta, it is important that “stakeholders are heard and Alberta taxpayers are protected”.
Condominium regulations paused for red tape review. You can view the Province’s announcement here.
Until January 1, 2020 the Government of Alberta will be speaking with stakeholders by way of a review process. The purpose of this review is to determine if the Regulations and amendments to the Condominium Property Act are necessary or will create unnecessary administrative and environmental burden or challenge the volunteers that form condo boards responsible for their condominium corporations.
Updates and new information to follow. To find out more about the services provided to Condominium Corporations in Calgary & area, visit our website. Emerald Management & Realty Ltd. offers a wide range of services for condominium corporations and condominium boards. Our benefit to condo boards derived from our experience with over 40 years providing property management services is provided through our experienced firm and team members. Our experts are dedicated to enhancing your community and management of real estate assets.
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