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We were curious how often this actually happens, so we started asking. In our post-review survey, only about 12% of buyers said they tried to renegotiate based on something in the review. But of those who did try, nearly half (46.8%) succeeded in negotiating a lower price. That’s a strong hit rate for a conversation many buyers never even start. To me this says that many people are missing out on a potential opportunity to obtain the property at a lower cost.
Effective legislative updates are needed to address ongoing accountability gaps Thursday, June 4, 2026 By Ryan Stenquist Some members of British Columbia’s strata sector are raising the alarm about depleted reserve funds and looming special levies, while also calling...
When purchasing a strata-titled property in British Columbia, the Form B: Information Certificate is one of the key documents reviewed during the due diligence process. It provides a snapshot of key strata information that buyers and their Realtors rely on to make...
When purchasing a strata-titled property, it's important to confirm whether any alterations have been made to the unit, whether those alterations were properly approved by the strata corporation, and whether any agreements are in place that assign responsibility for...
In British Columbia, most newly built homes, including strata-titled properties, are required to have third-party new home warranty insurance under the Homeowner Protection Act. This is commonly referred to as the “2-5-10” New Home Warranty. For buyers, Realtors,...
Every strata corporation in British Columbia must hold an annual general meeting (AGM) each year. At that meeting, owners elect council members, vote on the annual budget, and may be asked to approve significant financial or governance decisions. Before the meeting...
Clauses or conditions in a Contract of Purchase and Sale are not just boilerplate. They are intended to protect consumers by creating conditions that must be satisfied before the transaction becomes binding. From a buyer’s perspective, subjects provide the opportunity...
In British Columbia, strata corporations must hold an annual general meeting (AGM) each year, at which owners must approve a budget for the upcoming fiscal year. The operating budget covers the strata’s regular expenses, such as utilities, cleaning, insurance,...
Many people who live in or purchase a unit in a strata corporation plan to renovate either before or shortly after moving in. While this is common, renovations in a strata often require careful review of the bylaws to confirm whether the proposed changes are...
A depreciation report can become outdated far sooner than many people expect. In some cases, information in the report may begin to lose accuracy only a year or two after the report is completed. The answer depends on how well the report’s assumptions still match...
Strata corporations in British Columbia operate within a fairly complex legal framework. While the Strata Property Act is the primary legislation governing how stratas are created, managed, and governed, it's not the only law that applies. Depending on the issue,...
When you buy a strata property, you're not just buying the unit. You are also buying into the finances, maintenance history, governance, and long-term planning of the entire strata corporation. And a significant part of that story is reflected in the strata’s...
As of July 1, 2024, strata corporations in BC with five or more strata lots must obtain a depreciation report and update it every five years. While the five-year update requirement now applies across the province, the timelines for when existing stratas must obtain or...
Many strata corporations place a lot of emphasis on keeping strata fees low. While this is often a reasonable goal, it’s important to understand how stratas achieve it and how using existing savings to avoid fee increases can affect owners over the long-term. What Are...
Many owners and buyers are surprised to learn that most duplexes in British Columbia are actually strata properties. The distinction comes down to how the property is registered at the Land Title Office. If the property was created under a strata plan, it is legally a...