Bill 12, New Home Buyer Protection Amendment Act, proposes a move to license home builders across the province of Alberta. Once the Bill is passed and comes into force through enabling Regulations, it will require that builders maintain an active license to build new homes and secure home warranty coverage in the province of Alberta. The Bill also creates the requirement for an online registry of licensed builders to help homebuyers select a reputable builder.
Once the legislation is passed, specific program details will be further outlined in enabling Regulations. The enabling Regulations are expected to be created and come into force in the fall of 2017, with a phased implementation over six months following.
We will continue to provide information as details become available. In the interim if you have direct questions or concerns feel free to contact us at 1-800-472-9784. You can also find detailed information regarding the proposed Bill at http://bit.ly/2pOMh1n while municipal affairs has a FAQ site on the proposed licensing at http://bit.ly/2pORp5H
To view Bill 12 and the CBC May 4, 2017 press release please follow the links below