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:
- The impacts of inflation and recent cost increases for just about all labour;
- The Insurance crisis in BC,
- 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;
- Depreciation Reports and the importance of long term planning;