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An Annual General Meeting (AGM) is more than a legal requirement. It is an essential event for condominium corporations in Calgary and across Alberta, ensuring transparency, accountability, and meaningful owner engagement.
An AGM is the yearly gathering where unit owners and boards review financials, vote on directors, and make decisions that guide the community’s future. Typical agenda items include:
Approval of financial statements
Election of board members
Appointment of auditors
Consideration of bylaw amendments
Open discussion and Q&A
For condominium corporations, timely AGMs are required by the Condominium Property Act and bylaws. Missing them may result in legal or governance issues.
– Timing: The first AGM must be held within 12 months of registering the condominium plan. Each following AGM must occur within 15 months of the previous one.
– Notice: Owners must receive at least 14 days of written notice before an AGM. Some bylaws may require longer notice.
– Quorum: The Condominium Property Act does not set one standard quorum. Instead, quorum requirements are defined in each corporation’s bylaws. Commonly, it is based on a percentage of unit factors or ownership share.
– Documentation: Within 60 days after the AGM, corporations must provide owners with draft or approved minutes, including records of votes and resolutions.
– Virtual options: Under Bill 53, Alberta condominium corporations must offer AGMs in a virtual format so anyone unable to attend in person can participate. Many communities now use hybrid or online meetings to improve accessibility.
1. Transparency – Owners gain insight into financials, projects, and board decisions.
2. Engagement – Members ask questions, vote, and influence future planning.
3. Governance – Elections and bylaw updates take place in an official forum.
4. Compliance – AGMs keep corporations aligned with Alberta’s legislation.
5. Planning – Budgets, reserve funds, and major projects are reviewed and approved.
These factors make AGMs a cornerstone of condominium management in Calgary and across Alberta.
At UrbanTec, we provide professional Calgary condo management services designed to keep communities running smoothly. From AGM coordination and financial reporting to long-term reserve fund planning, our team ensures every condominium benefits from transparency, accountability, and reliable service.
With UrbanTec, you are not just hiring a management company. You are partnering with a team dedicated to accountability, responsiveness, and long-term property value.
Learn more about how we support Calgary condominiums.
