In an effort to improve the B.C. housing and rental shortage and address record-low vacancy rates, Premier David Eby passed significant amendments to Bill 44 of The Strata Property Act (SPA). These amendments went into effect on November 24, 2022, and are already affecting Strata Corporations, Homeowners, Real Estate Agents, and Developers across the province. Here’s
Rising insurance premiums and deductibles have been top of mind for many Strata Corporations and condo owners across BC. According to the B.C. Financial Services Authority (BCFSA), the recent hikes in insurance premiums are due to lack of capacity (ex. reduced supply, fewer insurers, and increased demand – more properties), severe weather, increasing property values,
An unhealthy strata insurance market is hopefully coming to an end in 2021 with BC insurers agreeing to put an end to ‘best terms pricing’. With ‘best terms pricing’, strata corporations had to pay the highest rate quoted for insurance premiums, even if there were lower rates quoted from different insurers. The reason for this
We’ve always been passionate about supporting our local community and vendors. So when we heard about Strata Press we were intrigued at the chance to offer their document management system for our strata management clients. Strata Press is based in Nanaimo, BC, and has created an easy-to-use, centralized system for Realtors, Lawyers, and Notaries to
[Disclaimer: The BC tenancy laws and guidelines are subject to change as we monitor the impact of COVID-19 on our communities, the information in this post is correct at time of posting. Contact us for any updates or refer to the Government of BC’s COVID-19 resource page] The COVID-19 virus has affected nearly every aspect
