Condos

BILD Alberta staff continue to participate in various conversations with the Government of Alberta when it comes to condominium advocacy including the rising cost of condominium insurance and building assessment reports.

Condo Insurance

July 9, 2021

Staff are continuously engaging with members and industry partners on identifying advocacy options to undertake to reduce the cost of rising condominium insurance. This growing issue is complex and is contributed to a combination of frequent extreme weather events, the severity of condominium property claims and increasing property values. As a result, Canadian property and…

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Building Assessment Reports

July 9, 2021

BILD Alberta successfully advocated to remove the requirement for Building Assessment Reports on all new condo projects. This change took effect on July 1, 2021. Service Alberta introduced a Converted Property Study as an alternative study / report for condominium conversion projects only. For more information regarding a Converted Property Study click here.

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