Read all about it! Don’t miss the most important events in Calgary real estate news for the week of December 15 - 21, 2013. Compliments of the Calgary Home Team.
Critics Decry Alberta's New Home Warranty, Calgary Herald
Critics are outraged at new home warranty regulations approved by cabinet this week because they say the regulations do more to limit claims by new home and condo owners than to protect them. The regulations for the New Home Buyer Protection Act begin in February and consist mostly of exclusions and limits to claims.
The regulations set the minimum level of coverage at $265,000 for homes and $130,000 for condos, while coverage for common property in condominiums and multi-family dwellings is capped at $3.3 million. Critics argue…