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Condominiums were first introduced to Alberta in 1967 with the development of Brentwood Village, a townhouse complex in Edmonton, Alberta. Condominiums in Alberta are regulated by the Condominium Property Act (Chapter 22, RSA 2000) which is supplemented by the Condominium Property Regulation (AR 168/2000).
The Canadian Condominium Institute (CCI) is an independent, non-profit organization formed in 1982 to represent all facets of the condominium/strata community. It has ...
In 2020, in Toronto, 21% of all housing, and 56% of condos were investor owned. In Vancouver, nearly 48% of condos, and 33% of all housing was owned by investors. [81] Across Canada, 1 in 5 homes were investment properties. Investors were found to be increasingly crowding out prospective first-time buyers in a 2024 analysis. [82]
Condominium is an invented Latin word formed by adding the prefix con-'together' to the word dominium 'dominion, ownership'. Its meaning is, therefore, 'joint dominion' or 'co-ownership'. [4] Condominia (the Latin plural of condominium) originally referred to territories over which two or more sovereign powers shared joint sovereignty. This ...
Arriva Tower 1 under construction in July 2007. Groundbreaking took place on April 26, 2005, [3] and the first phase tower has begun occupancy as of November 30, 2007. The base of the buildings contains commercial space, including two restaurants, a dental office (Pinnacle Dental), a medical clinic, and spa, while the surrounding area will consist of public parks, shops and recreation spaces.
N3. N3 is a condominium building in Calgary, Alberta.It is Calgary's first parking-free condominium. [1] Located in the East Village, it is close to the CTrain and Downtown.The building consists of 167 units, which would normally require 100 parking spaces but Calgary City Council relaxed the rules.
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