Category: News

We take this opportunity to link this excellent article from Vancouver Magazine, “Strata Squeeze: Could Florida’s Condo Collapse Happen in Vancouver?”.

The author highlights and expands upon several subjects we have been discussing on our blog for many years now.  These topics include:

1. The impacts of inflation and recent cost increases for just about all labour;
2. The Insurance crisis in BC,
3. The shortage of qualified and licensed Property Managers compared against the massive number of new Strata titled developments, which is creating significant disruption within our industry;
4. Depreciation Reports and the importance of long term planning;

continue reading →

Our changing climate is prompting action by all levels of government address what is more and more being referred to as the “climate emergency”.  Rising temperatures, forest fires, flooding, increased migration and more are predicted for the Lower Mainland.

We write today about the first and most obvious impact, rising temperatures along with the related impact of forest fires.

continue reading →

There are many inflationary pressures facing Strata Corporations as we exit the most acute phase of the pandemic.  As we have been writing about, costs continue to soar for Strata Corporations- materials, services (such as insurance) and labour are all seeing dramatic increases.

continue reading →

Please note that we are republishing our previous article on Privacy Guidelines for Strata Corporations as the Office of the Information & Privacy Commissioner has updated their Strata Guide, linked below.

---

We have previously written on Access to Records requests that Strata Corporations routinely face.  All Strata Corporation records are subject to various pieces of legislation, most notably the Strata Property Act (SPA) itself.  However, SPA is subservient to other provincial and federal legislation such as the Personal Information Protection Act and PIPA overrides SPA in a variety of circumstances.

The Office of the Information & Privacy Commissioner (OIPC) has recently updated their guidelines for Strata Corporations.  In their words:

These guidelines will help strata corporations and strata agents in discharging their duties under the Strata Property Act (“SPA”) in a manner that respects the privacy of owners and tenants under the B.C. Personal Information Protection Act (“PIPA”) and promotes transparency in the operation of strata corporations.

continue reading →

Ownership of vacant properties in British Columbia is currently subject to the “BC Speculation and Vacancy Tax” (SVT), which is wholly separate and apart from the Vancouver Empty Homes Tax (EHT) which applies to properties in Vancouver proper.

The provincial government has phased exemptions for the SVT, which are changing this year, 2022.  It is beyond our expertise to provide advice to homeowners on the tax implications of these changes, but we can refer Owners for whom this tax applies to the official website.  We encourage anyone who does not occupy their property as their full time domicile to independently research both the SVT and the EHT and how one or both may apply to your properties.

continue reading →

Dear Strata Councils,

Today, March 10^th, 2022, Dr. Bonnie Henry and the Province of British Columbia announced that the requirement to wear masks in indoor public spaces shall be lifted at 12:01am tomorrow (Friday March 11^th, 2022).

continue reading →

We write to relay a fairly straight forward message.  We won’t restate or rehash what you are all likely reading about in newspapers and seeing on the 6 o’clock news about the World, Canadian and British Columbian economies- you can find far better sources than our firm for this information.  Briefly, the world is a very different place than it was pre-COVID and our economy has changed, and continues to, in a dramatic fashion. 

continue reading →

Dear Strata Councils,

We hope this message finds you safe and healthy during the holiday season and that we have some clearer (if snowy) skies ahead soon. Please stay warm over the next few days.

As you are aware, the Provincial Health Officer (PHO) has introduced additional province-wide restrictions as of December 20^th and 22^nd, 2021 in an effort to keep BC safe and infection numbers down in light of the highly infectious Omicron variant. We have discussed the recent Order with other management companies and legal counsel to be able to offer the following regarding the latest announcements.  These comments are consistent with what other firms in our industry are recommending.  With that in mind, we offer the following guidance of a non-legal nature:

continue reading →

The practice of charging renovation fees is becoming more prevalent within Strata Corporations, at least according to our observations within our own portfolio and our discussions with other brokerages.  We do not take a position on whether or not these charges are appropriate, each community is different and there are usually many variables at play when a Strata Council decides it is time to consider implementing fees.  These circumstances usually include a noticeable uptick in the number of renovations being performed (i.e. an aging property) along with longer renovations (causing more disruption) becoming more common.  Increases in both the number and duration of renovations inevitably result in more complaints being received by Councils, not to mention the additional wear and tear that they sometimes cause on common property (even with imperfect measures such as damage deposits being collected).

continue reading →

The 2021 Federal Election season is now in full swing.  With that there are two common questions that often arise from Strata Councils during this period of sometimes fierce debate and partisan showmanship.

continue reading →