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Condo Regulations for you to know

Hon. Nate Glubish announced the updated condominium regulations that will come into effect January 1, 2020. These regulations have changed from what was planned by the previous administration to roll out July 1, 2019. Minister Glubish delayed the regulations to give time for review under government’s mandate to remove unnecessary red tape. Of note, condominium corporations must provide all required documents to condo owners electronically free of charge. Information statements will be available for up to $100 (or $150 if required within three days). Documents that aren’t required or documents requested by third parties can be provided electronically at a charge of $10 per document. For example, a full fiscal year package of minutes will be available electronically for $10. We will be providing an information sheet that can be used with your clients in advance of these changes being implemented in January. This sheet will include further details about how government defines “required documents.” Should you have questions or concerns about these changes, please contact advocacy@albertarealtor.ca.

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