Do you own a condo, duplex, townhouse, or other home within a strata subdivision? Then by now you know that your insurance rates are on the rise for 2020. Brokerages predict an average increase in insurance costs of approximately 25%, but at press there have been...
The City of Vancouver website warns residents that some of the world’s largest earthquakes have occurred, right here, in British Columbia. Research also shows that we have a 1 in 4 chance of experiencing another major earthquake within the next 50 years. As a...
Housing costs have made the prospect of owning a home less of a viable option for residents in Greater Vancouver. Many households are opting to rent. While tenancy comes without some of the headaches that owning a detached home or condo does, it does have its unique...
2020 Update: Strata insurance deductibles continue to see dramatic increases. In a recent Times Colonist article, Tony Gioventu , executive director of the Condominium Home Owners Association, reports that deductibles have increased substantially, from a manageable...
Congratulations, you’ve just purchased your first investment property. Or, maybe you’re a seasoned investor with a large portfolio of properties. Or, maybe you don’t even think of yourself as a real estate investor – just someone who rents out the apartment you...
Insuring a condominium unit is complicated by the fact that there are two parties involved: 1) you, the owner of the unit, and 2) the strata corporation. Strata/Condo Master Insurance policies provide coverage for the building and its common areas such as hallways,...