A friendly reminder that the new Home Buyer Rescission Period (HBRP) regulation comes into effect today, January 3, 2023.

by Andy bernhart | Feb 25, 2023 | Resources

So, what’s changed? The new legislation provides buyers an opportunity to rescind a contract to purchase residential real property up to 3 business days after an offer is accepted. If a buyer decides to rescind their offer during the HBRP, they must pay the seller...

Strata Tip of the Week – You’ve probably heard of the recent changes to the Strata Property Act. Here’s what’s new

by Andy bernhart | Feb 23, 2023 | Resources

Did you read our email last week on rental restriction bylaws? Ok forget everything we said. The proposed legislative changes came into force sooner than we expected. The BC Government gave royal assent to Bill 44 – 2022 Building and Strata Statutes Amendment...

Strata Tip of the Week – Serving on a Strata Council while Licensed

by Andy bernhart | Feb 22, 2023 | Resources

Licensed real estate professionals in BC must make disclosures to consumers in many different circumstances. This not only enables consumers to make informed decisions when working with real estate professionals, but it also enables you, the licensee, to reduce your...

Strata Tip of the Week – What is the strata corporation required to insure?

by Andy bernhart | Feb 21, 2023 | Resources

All strata corporations in BC, regardless of size, must obtain property and liability insurance, including bare land strata corporations and strata-titled duplexes. 1. Property Insurance A. The strata corporation’s property insurance is for:• Common property• Common...

Strata Tip of the Week – Where do you get all the strata documents?

by Andy bernhart | Feb 20, 2023 | Resources

The first step in reviewing strata documents is to actually get your hands on all of them. So, where exactly do you get them from? The answer is, it depends. A. To start, the seller(s) should be able to provide you the initial contact information, as well as the...