CPA · Condominium Property Regulation
Part 1 — Registration of Condominium Plans and Other Condominium Documents
2 Registration of plans
(a) must keep a register of condominium plans, and
(b) is to record in the registe r particulars of all condominium
plans registered pursuant to the Act.
A corporation may invest any trust money in the corporation's
hands, if the investment is in all other respects reasonable and
proper, in any of the following:
(a) securities of the Government of Canada, the government
of any province or territory of Canada, any municipal
corporation in any province or territory of Canada, the
Government of the United Kingdom or the Government of
the United States of America;
(b) securities the payment of t he principal and interest of
which is guaranteed by the Government of Canada, the
government of a province or territory of Canada, a
municipal corporation in any province or territory of
Canada, the Government of the United Kingdom or the
Government of the United States of America;
(c) debentures issued by a sch ool division, a drainage district,
or a provincial health agency, regional health authority,
provincial health corporation or hospital operator under
the Provincial Health Agencies Act in Alberta that are
secured by or payable out of rates or taxes;
(d) bonds, debentures or other evidences of indebtedness of a
body corporate that are secured by the assignment to a
body corporate of payments that the Government of
Canada or the government of a province or territory of
Canada has agreed to make, if the payments are sufficient
(i) to meet the interest on a ll the bonds, debentures or
other evidences of indebtedness outstanding as it
falls due, and
(ii) to meet the principal amount of all the bonds,
debentures or other evidences of indebtedness on
maturity;
(e) bonds, debentures or other evidences of indebtedness
Schedule 2 AR 168/2000
(i) of a body corporate incorporated under the laws of
Canada or of a province or territory of Canada that
has earned and paid
(A) a dividend in each of the 5 years immediately
preceding the date of investment at least equal
to the specified annual rate on all of its preferred
shares, or
(B) a dividend in each year of a period of 5 years
ended less than one year before the date of
investment on its common shares of at least 4%
of the average value at which the shares were
carried in the capital stock account of the body
corporate during the year in which the dividend
was paid,
a n d
(ii) that are fully secured by a first mortgage, charge or
hypothec to a body corporate on any, or on any
combination, of the following assets:
(A) improved real estate;
(B) the plant or equipment of a body corporate that
is used in the transaction of its business;
(C) bonds, debentures or other evidences of
indebtedness or shares of a class or classes
authorized by this section;
(f) bonds, debentures or other evidences of indebtedness
issued by a body corporate incorporated in Canada if at
the date of the investment or loan the preferred shares or
common shares of that body corporate are authorized
investments under clause (i) or (j);
(g) guaranteed investment certif icates or receipts of a trust
corporation;
(h) bonds, debentures, notes or deposit receipts of a loan
corporation, trust corporation or credit union;
(i) preferred shares of any bod y corporate incorporated under
the laws of Canada or of a province or territory of Canada
that has earned and paid
(i) a dividend in each of the 5 years immediately
preceding the date of investment at least equal to the
specified annual rate on all of its preferred shares, or
Schedule 2 AR 168/2000
(ii) a dividend in each year o f a period of 5 years ended
less than one year before the date of investment on
its common shares of at least 4% of the average
value at which the shares were carried in the capital
stock account of the body corporate during the year
in which the dividend was paid;
(j) fully paid common shares of a body corporate
incorporated in Canada or the United States of America
that during a period of 5 years that ended less than one
year before the date of investment has either
(i) paid a dividend in each o f those years on its common
shares, or
(ii) had earnings in each of th ose years available for the
payment of a dividend on its common shares,
of at least 4% of the average value at which the shares
were carried in the capital stock account of the body
corporate during the year in which the dividend was paid
or in which the body corporate had earnings available for
the payment of dividends, as the case may be;
(k) notes or deposi t receipts of banks;
(l) securities issued o r guaranteed by the International Bank
for Reconstruction and Development established by the
Agreement for an International Bank for Reconstruction
and Development, approved by the Bretton Woods and
Related Agreements Act (Canada), but only if the bonds,
debentures or other securities are payable in the currency
of Canada, the United Kingdom, any member of the
British Commonwealth or the United States of America;
(m) securities issued or guar anteed by Inter-American
Development Bank or by Asian Development Bank, but
only if the bonds, debentures or other securities are
payable in the currency of Canada or the United States of
America;
(n) first mortgages, charges o r hypothecs on improved real
estate in Canada, but only if
(i) the loan does not exceed 75% of the value of the
property at the time of the loan as established by a
report as to the value of the property made by a
person whom the corporation reasonably believed to
be a competent valuator, instructed and employed
independently of any owner of the property, or
Schedule 2 AR 168/2000
(ii) the loan is an insured loan under the National
Housing Act, 1954 (Canada) SC 1953-54 c23.
The reserve fund report, reserve fund plan and any
updates of either (section 20.52(1)(q) of this
Regulation)
12 years after creation
3 Documents and information consisting of
(a) A copy of the budget of the corporation (section
20.52(1)(e) of this Regulation)
7 years after creation
(b) Annual financial statements , if any, of the corporation
(section 30(4)(b) of the Act)
7 years after creation
(c) A copy of any approved minutes of proceedings of a
general meeting of the corporation or of the board
(section 20.52(1)(h) of this Regulation)
7 years after creation
(d) A copy of all insurance po licies and insurance records
obtained by or on behalf of the corporation and the
certificate respecting each insurance policy (section 48
of the Act, section 20.52(1)(n) and (o) of this
Regulation)
7 years after creation
(e) Records of repair and mainte nance 3 years after the propert y to
which the record relates is
disposed of
(f) Copies of all records resp ecting the account maintained
by the financial institution holding the reserve fund,
operating funds or any other funds of the corporation
7 years after creation
(1) An owner and an occupant shall permit the corporation and
its agents, at all reasonable times on notice, except in case of
emergency, to enter in or on the owner's unit for the purpose of
(a) inspecting the unit,
(b) maintaining, repairing or replacing pipes, wires, cables
and ducts existing in or on the unit and used or capable of
being used in connection with the enjoyment of any other
unit or common property or real property of the
corporation,
(c) maintaining, repairing or replacing common property or
real property of the corporation or maintaining, repairing
or replacing other property in accordance with section
62.3 of the Regulation, or
(d) ensuring compliance with the bylaws.
(2) An owner
(a) shall forthwith pay all contributions, levies, rates, taxe s,
charges and assessments that may be payable in respect of
the owner's unit,
(b) shall forthwith carry out all work that may be required
pursuant to these bylaws or as required by a municipal
authority or other public authority in respect of the
owner's unit, other than any work for the benefit of the
building or parcel generally,
(c) shall maintain the owner's unit and exclusive possession
areas in a state of good repair,
(d) shall notify the co rporation forthwith of
(i) any change in the ownership of the unit, or
(ii) any mortgage registered against the unit,
a n d
(e) shall not make structura l, mechanical or electrical
alterations to the owner's unit or to the common property
unless the owner
(i) has obtained the prior written consent of the board,
which must not be unreasonably withheld, and
Schedule 4 AR 168/2000
(ii) has ensured that all pe rmits required under law have
been obtained.
(3) Repealed AR 23/2026 s37.