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What's in the news

Alberta Condo Act Improvements on Ice

9/5/2015

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Albertans everywhere are still waiting for their new NDP government to really wade into the waters  of making hard decisions.   Unfortunately, the old Bill 9 (the Condominium Property Amendment Act of 2014) introduced under the old PC party seems to have stalled out one step before being ratified into law.  Admittedly, with the Province's Oil and Gas sector in tatters, one can only hope the NDP is indeed focused on that...

As you would expect, some opposition members are telling the NDP to cancel the old Bill 9 and start all over again.  It doesn't go far enough they say - which I'd have to agree with.  Bill 9 does not touch on several topics I see affecting condo & strata owners such as insurance deductibles, and most of all - specifying acceptable limits of reserve fund underfunding.

However, it's a start, and half a step forward is still better than no step forward at all.  A full new round of consultations as the Wildrose suggest would probably add 2-3 years to the process.  Albertans need improvements to the Act now, even if there are a few glaring omissions.

So I'd have to say to Rachel & gang - pass it now, but keep on working on additional amendments for a couple years for now.

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