Proposed Alberta condo legislation would 'bankrupt' industry, developer warns - News Summed Up

Proposed Alberta condo legislation would 'bankrupt' industry, developer warns


A high-profile Canadian developer says he'll stop building in Alberta if the government passes a proposed condo regulation that calls for mandatory occupancy dates. The Alberta government's proposed legislation, expected to be tabled in the spring, would make an occupancy date mandatory for purchase agreements. Brad Lamb says the proposed new condo regulation would force him to rethink building in Alberta. (CBC)But Brad Lamb, a Toronto-based developer, called the proposed legislation a stupid idea, and said it would force him to rethink developing in the province. The Canadian Home Builders' of Alberta has also been a part of the consultations that led to the proposed condo legislation.


Source: CBC News October 21, 2016 12:02 UTC



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