New bill could mean added security for Alberta condo buyers and owners

Alberta condo owners could soon have more protection thanks to a new bill being proposed by the province.

The bill, which includes more than 50 amendments to the decades-old Condo Act, would strengthen rules related to occupancy dates, purchase agreements, warranty information and conflict resolution.

The new rules would regulate more than 8,000 condominium corporations that exist in Alberta, and provide protection for an increasingly large portion of the province's homebuyers.