Condo Smarts: Pre-sales agreement is not a purchase or sale of strata lot

Dear Tony: How do we find out the costs and liabilities of a new strata high rise in a development in Burnaby with several air space parcels, when it is a pre-sales purchase? We have asked in the sales office and the only answer we receive is “the expenses of each property are allocated to that property only.” We lived in a strata with an air space parcel agreement (ASP) where this was not the case and the agreement can have a significant impact on strata fees and the obligations of the strata council and managers to administer property. Doesn’t the legislation require the terms and conditions of the agreement to be included and disclosed prior to any sales?

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White: Montgomery is enjoying a renaissance

For many Calgarians, Montgomery is just a pass-through community along the Trans-Canada Highway on the way to the mountains. In fact, it is one of Calgary’s oldest communities, established in 1911, and wasn’t amalgamated into Calgary until 1963. And like all of Calgary’s established communities, it is undergoing a transformation with dozens of new infill projects every year. With these new infills comes the renaissance of the community.

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