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HomeNews Mortgage Brokernews Home News TV Forum E-mag Special reports Profiles Subscribe Advertise Brokers in this one market could influence condo rules

The Alberta government is looking at changes to condominium legislation, and it wants public input.

Some of the proposed changes include allowing buyers to cancel purchase agreements if developers don't meet move-in dates and requiring developers to make detailed operating budgets.

Brokers in this one market could influence condo rules

 
Canadian Press

The Alberta government is looking at changes to condominium legislation, and it wants public input.

Some of the proposed changes include allowing buyers to cancel purchase agreements if developers don't meet move-in dates and requiring developers to make detailed operating budgets.

Robert Noce, a condo lawyer, says the changes will be good for condo buyers.

Service Alberta Minister Deron Bilous said Thursday that strengthening consumer protection is a priority of the NDP government.

He says that's why the government is proposing stronger disclosure and clear options for new buyers when their condos are not completed on time or as promised

Albertans can review and comment on a draft version of the regulations through an online survey that runs until Oct. 30. The survey link can be found on Service Alberta's website.
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