Condominium News
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Condominium News October 2015

From now until Oct. 30, 2015, Albertans are invited to provide feedback on the first phase of regulations connected to the Condominium Property Amendment Act.
   
This morning’s data on housing construction again revealed that Alberta’s real estate market is certainly not crumbling. In fact, it’s the opposite. It’s showing resiliency.
   
The former owner of a condominium unit says she is missing out on a financial windfall that was meant for her after the board cut a cheque from the proceeds of litigation to the new owner.
   

For strata corporations with mixed residential and non-residential (commercial), there are procedures in the bylaw amendment process that are frequently overlooked.

New strata developments often take 10 to 15 years to develop into thriving neighbourhoods.

 
   
A Vancouver woman whose condo was damaged in a meth lab fire has lost her bid to have the strata and its insurance companies pay for her share of the repairs.
   
I have some real concerns about our yearly condo fee increases. When I purchased this condo three years ago, our fees were $275 a month, now they are nearly $450. Is there a cap on fees? Why didn't my real estate agent warn me?
   
Training and events
This conference is designed for everyone that deals with condominiums. An owner, a relator or manager would find lots of useful information during our educational sessions.
   
Edmonton Chapter awards luncheon. Save the date for the Edmonton Chapter Awards Luncheon with details TBA
   
For over 20 years, Todd has worked as an economist at numerous organizations including the Canadian Pacific Railway, the Canada West Foundation, and the Bank of Canada.
   
Do you know the ins and outs of the insurance you have for your Corporation? If not, come for an evening of insurance basics.

For more information about Delta Appraisal and our easy to read Reserve Fund Studies or to request a no-cost, no-obligation proposal, please contact us.

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