AREA Purchase Contract Changes

Changes to the AREA Purchase Contracts (Residential, Country Residential and Condominium) will be published later this summer for AREA member use.

The Process for Purchase Contract Changes



Guiding Principles
The writing of new content for the Purchase Contract forms was guided by several key principles:

  • Ensuring the legal integrity of AREA Forms;
  • Creating balance between the seller and the buyer; and
  • Clarifying the forms content through clearer language.
To further guide AREA's work, research was done through:

  • Past versions of AREA Forms;
  • Forms from other jurisdictions;
  • Legal advice;
  • Legal cases and the Alberta Legal Practice Manual;
  • Plain language and legal texts;
  • Relevant legislation (e.g. Alberta's Real Estate Act); and
  • Education materials.

Who Contributed to the Project?
Stakeholders and stakeholder groups spanning the real estate industry were asked to contribute throughout the development of the new contracts. Those who contributed with ideas, advice and feedback included:

  • AREA members:
    • 879 responses to an AREA member survey on the Purchase Contract;
    • 23 Brokers and Associates providing advice and feedback;
    • Voting members of AREA's Forms & Practice Committee representing the first stage of the governance process; and
    • The AREA Board of Directors representing the final stage of the governance process.
  • Alberta Real Estate Boards/Associations
  • 18 Alberta lawyers specializing in real estate conveyancing, litigation and drafting
  • Mortgage Brokers
  • Property Inspectors
  • Service Alberta
  • Alberta Municipal Affairs
  • Canada Mortgage and Housing Corporation (CMHC)
  • Alberta Land Surveyors Association
  • Modular Homes Association

Questions?
For questions about the process for changes to the AREA Purchase Contracts and the launch timelines, please contact forms@areahub.ca.

Contact Us
Alberta Real Estate Association 
WestMount Corporate Campus
300, 4954 Richard Road SW
Calgary, AB  T3E 6L1

Office Hours
Monday-Friday 8:30 am – 4:30 pm (MST)

Toll Free:    1-800-661-0231 
In Calgary: 
 1-403-228-6845  
(messages can be left after hours and will be returned the following business day) 
 
Fax:             1-403-228-4360
 
E-mail:
communications@areahub.ca (general inquiries)
governmentrelations@areahub.ca (government relations/advocacy inquiries)
pd@areahub.ca (professional development inquiries)
forms@areahub.ca (forms content inquiries)