On September 13, 2020, the Government of British Columbia (Government) announced regulatory changes (Regulations) to address rising strata insurance costs in British Columbia. These changes follow the ...
Strata fees to skyrocket across B.C. As the cost of building insurance rises across the province, increased costs are expected to trickle down to strata fees.
Strata corporations are required to maintain director and officer (D&O) liability insurance to insure against allegations of wrongful conduct on the part of strata council and/or the property manager.
Hidden fees, conflicts of interest, over-charging and side deals. For many years lead reporter Linton Besser had heard from owners and advocates concerned about strata schemes. With three million ...
Dear Tony: We live in a Richmond townhouse complex. Our property is well maintained, but during recent heavy rains, and a discharge line being plugged, our finished basement was partially flooded. We ...
Dear Tony: We found the best townhouse a few years ago. It was in a community next to the forest, end unit, large patio area and loads of privacy. The strata corporation has been well run and conflict ...
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B.C. providing relief for stratas The province is making changes that won't happen immediately but could eventually mean savings for condo owners.