03/26/2026– Jurisdiction Alberta
Part 94 published on 01/06/2026
Court orders termination of condominium
The court approved the termination of the property’s condominium status and the sale of the property. This decision was deemed just and equitable due to the project’s severe financial instability and the excessive costs required for structural repairs. The Court said:
In the case of dissolution of the corporation and sale of an entire project, the Act does not set out a precise mechanism for what kind of majority, if any, is required or how the process should be managed. Rather, it establishes the principle that the corporation may apply for that remedy, and if the court is satisfied that it is just and equitable, the court will grant the application and make itself available for guidance in implementing the required actions.
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In the circumstances of this case, I find it just and equitable that the Condo be dissolved and the Project sold.
Owners Condominium Plan 862 2917 v 1016540 AB Ltd. 2026 ABKB 234