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January 04, 2017Vancouver BC mortgage broker John Charbonneau talks with Sarah Thompson from Hub International Insurance about Strata Insurance. In this interview John and Sarah talk about the type of insurance that strata corporations must have and home owners should have. They reveal some of the liabilities that need to be covered.
October 04, 2016One of a condominium corporation’s most important tasks is to identify, investigate, and resolve construction deficiencies. Construction defects usually include any deficiency in the performing or furnishing of the design, planning, supervision, inspection, construction, or observation of construction to any new home or building, where there is a failure to construct the building in a reasonably workmanlike manner and/or the structure...
July 08, 2016The city of Vancouver says it will be submitting a report to Council next week that recommends new measures designed to increase the number of family homes in new strata and rental buildings. New policies outlined in a staff report to council would alter the housing mix in new strata buildings and rental buildings by increasing the number of two and three bedroom apartments to create more options for families. In a statement, Mayor Gregor...
June 29, 2016More and more strata’s are banning the practice of smoking in properties in B.C. Strata corporations can include the strata lot as well as the common and limited common property. Some B.C. residents have taken the fight for their right to smoke inside their homes to the B.C. Human Rights Tribunal, but health advocates want the province to adopt laws that would ban smoking in multi-unit housing. Clean Air Coalition of B.C, argues that...
May 03, 2016What happens when a strata corporation discloses the wrong information on a Form B information certificate*? Generally, a person who is requesting information from a strata council can rely upon that information as factual. If the strata corporation discloses false information, this means that the person as a result of errors and omissions can sue the corporation. Though a directors & officers insurance policy is optional, many strata...
April 04, 2016A new study conducted by GLOBE Advisors, a boutique sustainability consulting firm in Vancouver, and released by the Concrete Council of Canada, reveals a substantial gap in the risks and insurance rates between wood frame and concrete mid-rise (six-story) residential buildings. The cost of insurance for a wood frame building is 6 times greater than that of concrete buildings. The study looked at a particular emphasis on the risk factors...