Adapting to the new condominium changes
MEDICINE HAT, AB – Condominium owners and board members in Medicine Hat had the opportunity to learn about the changes coming to the Condominium Property Act Regulation today.
The changes are reflected in a 91–page document split into three-phases.
President of the Condo Owners Forum Society of Alberta (COFSAB) Terry Gibson says about 25% of Albertans live in condos, meaning people should be aware of what’s to come.
“Today, we’re focused primarily on changes to the legislation that have been brought in over the last year,” explained Gibson. “We were a big part of that, consulting with the government. Essentially, what that’s doing is increasing the transparency and the openness of information to owners. But, condo ownership is complex, so we’re trying to distill it into easily understood terms for folks.”