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.
Some strata corporations renewing their insurance policies may be surprised to encounter lower premiums, especially in light of high building replacement costs and tariffs. One prominent strata ...
The Saturday Telegraph can reveal the NSW Productivity and Equality Commission will undertake a review into how a ban on commissions for strata managing agents could affect the housing market. It ...
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 ...
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.
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.
When we tried renewing our homeowner insurance in January, our insurance broker told us the strata report on insurance was incorrect. Under the Strata Property Act, the strata corporation must provide ...