Friday, July 12, 2013

After the Alberta Floods

Order is slowly coming back to our condominiums.  Floods have affected condominiums across Alberta.  Many condominium insurance polices do not cover floods.  Buyers do need to be aware of the location of any unit they are considering to purchase.  There are pods within communities that escaped  with no water damage and others that where not so lucky.

Many trades, services and contractors are arriving in Alberta to assist with the recovery.  Even with this recovery will be slow.  Being patient is the best advice we can offer.  Property mangers, condo owners, friends, family and many strangers have worked around the clock to get the infrastructure of these building functioning.  The work is far from over. 

If you are buying a condo it is important to allow extra time to obtain the condo documents.  Be sure to acquire the most recent minutes and financial data as well as current disclosure details.  There will be many condos requiring cash and this could result in Special Assessments (cash calls) or fee increases.  Many owners and buyers will be concerned over the cost of remediation and the risk of mold.  Obtaining information on these topics will be slow in coming as the boards and managers are focused on mitigating the damage and organizing the clean-up and repair. 

Sellers, Boards and Property Managers can assist the sale of units by documenting the action plans and making them available to the buyers.  In Alberta it is not mandatory under the condominium legislation that the inspection reports be provided.  Ask anyhow,- if owners do want to sell, they need to disclose to the satisfaction of the buyers.  Mortgage lenders will also be interested in the remediation plans.

Condo -Check is committed to assisting buyers in obtaining the documentation that enable us to complete a competent review in this changing time.  We are keeping in touch with engineers, insurance and the lawyers in the condominium industry to bring you current and accurate updates when possible. 

If you have questions please post them on our website at www.condo-check.com ( Q & A on the home page).  I will respond as quickly as I can, respecting the high volume of questions we are experiencing at this time.

We are committed to providing competent and thorough condo document reviews in every corner of Alberta and across Canada (except Quebec unless the documents can be provided in English)

Wishing you a speedy recovery of your condo and thank those who gave so much heart and muscle to assisting in this time of need.  You are all Condo Heroes! 

30 Comments:

At August 16, 2013 at 4:59 AM, Blogger Unknown said...

Condominium Canada encourages and provides objective research or practitioners and government agencies regarding all aspects of condominium operations.

 
At August 22, 2013 at 10:07 AM, Blogger Unknown said...

Do you know the best surrey condos? I am thinking of moving there but I want to live somewhere nice.

 
At September 3, 2013 at 11:34 PM, Blogger Unknown said...

Thanks for this post on crystal blu condo. This is really very useful.

 
At September 8, 2013 at 11:41 PM, Blogger Unknown said...

This comment has been removed by the author.

 
At September 8, 2013 at 11:42 PM, Blogger Unknown said...

Condos Apartments are an eye-catching choice for many customers, particularly in growing communities.Some following problems that you should observe out for when purchasing a condos.
ALWAYS get a house inspection
Check for a record of unique tests
Is the complicated FHA approved?
Gulf shores condominiums

 
At September 17, 2013 at 8:03 PM, Blogger Unknown said...

Thanks for your post on Backstage condo. Jennifer Popo provides luxury homes and condos for sale with best offers in Scarborough, Mississauga and Toronto.

 
At September 30, 2013 at 11:19 PM, Blogger Unknown said...

Thanks for this post on Vaughan home for sale. Here are some featured listings.You can check.

 
At October 9, 2013 at 8:31 PM, Blogger Unknown said...

Great to hear about home for sale in vaughan. I really appreciate this post.

 
At October 9, 2013 at 10:10 PM, Blogger Unknown said...

Owning a condo in a prime location is what everyone wants, and Smart House Condos will give you just that. The demand for these condos is expected to be very high as close to half a million people work in Downtown Toronto.

 
At November 25, 2013 at 10:37 PM, Anonymous Anonymous said...

It's a nice read. Really sad to hear about the damaged property but with the will and power bad times can just vanish away. People can also have home renting services at the time of crisis. Thanks

 
At December 17, 2013 at 1:51 AM, Blogger Unknown said...

Great post.We learnt alot about Condominiums scarborough through your post. Thanks

 
At January 18, 2014 at 12:17 PM, Blogger Unknown said...

Thank you so much for for providing the nice blog on Toronto condos

 
At January 24, 2014 at 7:58 AM, Blogger Unknown said...

Thank you again for another” feel good, uplifting, that there are good people in this world story”. We read so many stories that are negavite about people and what they do to others. A random act of kindness is always such a great thing to hear about. Peace and blessings.

Condo insurance

 
At February 5, 2014 at 12:21 AM, Blogger VanRiperandNies said...

Nice post!

 
At March 5, 2014 at 12:51 PM, Blogger Helen Evans said...

Using a property record search is a "no-brained" when you're in the market for a house. This simple trick will give you all sorts of invaluable information on the houses you're looking at and give you an edge in your negotiations.
All the best!
Property Ownership Record.

 
At March 24, 2014 at 2:18 AM, Blogger Unknown said...

Pretty good post. I just read your blog and wanted to say that I have really enjoyed reading your blog posts.
Pike Road AL

 
At July 1, 2014 at 11:57 PM, Blogger Gingerdvera said...

If you are planning to buy a condominium unit, make sure the its location is good, no record of any calamities.

 
At August 4, 2014 at 7:03 PM, Blogger Marian said...

Location is one of the important things in choosing a condo unit, second to the price. Choose a unit that is flood free and easy to access the transportation and even the mall/market. One good example is the condo in Mckinley Hill.

 
At August 5, 2014 at 12:21 AM, Blogger Unknown said...

Im selling an affordable Condominium in Paranaque. OWN IT NOW!!!

For more info please visit http://condominiumparanaque.wordpress.com/2014/07/31/arista-place-condo-in-paranaque/

or email me at dmcirealtormanila@gmail.com

thanks

 
At August 5, 2014 at 12:21 AM, Blogger Unknown said...

This comment has been removed by the author.

 
At November 26, 2014 at 4:06 AM, Blogger Unknown said...

Amber Skye Singapore Buy a Amber Skye Condo. That Amber Skye Show Suites has what you need? See what every Condo must provide and at what worth. To shop for a condo there are several to decide on from in Singapore. For more info visit here: http://myamberskye.com

 
At December 4, 2014 at 7:59 PM, Blogger James Abram said...

Great article! Thanks for sharing!For condos in the Philippines, I recommend that you buy from Megaworld Condominium.

 
At December 10, 2014 at 4:51 AM, Blogger Unknown said...

Thank you for visiting our web site. whether or not you're curious about shopping for Amber Skye Condo, Amber Skye Singapore or singapore, CS Amber Development Pte Ltd Services is here to help you. Our best team members can attempt to make sure that your best expertise is pleasant and stress free. More info visit here: http://myamberskye.com

 
At December 31, 2014 at 5:11 AM, Blogger Unknown said...

Amber Skye Condo room and Wet room: unanimous tiles or equivalent up to false ceiling and/or various heights as might even be determined by merchant, and no tiles behind space cabinets/glass backsplash WC: uniform tiles or equivalent. And ton data information here http://myamberskye.com

 
At January 6, 2015 at 9:48 PM, Blogger granitemarble said...

Granite worktops are considered the best choice as they do not easily get damaged and give a neater look to kitchen. There are several choices available under granite worktops.

 
At February 9, 2015 at 6:47 PM, Blogger Unknown said...

That's why I highly recommend to conduct a research first before dealing with real estate owner or agents. As much as possible, choose a flood free area. You can read an article I've read here for more tips before buying a condominium.

 
At February 27, 2015 at 10:06 AM, Blogger Unknown said...

Robinsons Land Corp offers you a Affordable Quality Condominium.

For Affordable Condominium here in Philippines try to visit my website for all our projects full details.

www.greenhillscondo.com

or contact me:
Faye N. Manalansan
09234666980
09351013910
09498450364

 
At July 23, 2015 at 8:43 PM, Blogger Unknown said...

This one is the Condominium in bangkok brand Sansiri
is about 400K dollar (It's too much in Thailand)
but the skill is verybad and have a big water Leak problem
http://www.condosirisan.com

 
At August 9, 2017 at 1:09 AM, Blogger Unknown said...

Thanks Condominium Blog to guide us on purchasing the condos. I am planing to buy Toronto waterfront condos and your words will be helpful for me.

 
At November 15, 2017 at 3:32 AM, Blogger waqar khalid said...

thanks for sharing such beautiful information with us
and i hope you will share some more info about "Saskatoon condos"
plz keep sharing .thanks


Saskatoon Condos

 

Post a Comment

<< Home