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A depreciation report can become outdated far sooner than many people expect.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...
A depreciation report can become outdated far sooner than many people expect.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...
Parking and storage are often important features of strata living. Who gets parking stalls or storage lockers, how they are assigned, and whether those rights can change all depend on how those components are designated and how the strata corporation manages and...
A lot of buyers, and even strata owners, are surprised to learn that under the Strata Property Regulation, earthquake insurance is not considered a major peril. This means strata corporations in British Columbia are not required to obtain earthquake insurance, even...
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...