Category: News

  • BC Speculation and Vacancy Tax / Vancouver Empty Homes Tax


    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.

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  • COVID-19 (Coronavirus) – Update #24


    Dear Strata Councils,

    Today, March 10th, 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 11th, 2022).

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  • Hard & Now Obvious Truth: Everything is More Expensive and Everything Takes Longer


    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. 

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  • COVID-19 (Coronavirus) – Update #23


    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 20th and 22nd, 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:

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  • Renovation/Alteration Fees – Recent CRT Decision


    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).

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  • Election Season


    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.

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  • COVID-19 (Coronavirus) – Update #22


    Dear Strata Councils,

    It has been an eventful few days with important developments in the fight against COVID-19.  We hope this message finds you safe and sound in this challenging summer season, which has seen multiple crises facing British Columbians and others around the world.

    We understand that you all will have many questions about the new announcements from the Province, and would like to offer the following regarding the latest announcements:

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  • Wildfire Season


    On Tuesday July 20th, the Province of British Columbia declared a state of emergency to allocate additional resources in the fight against wildfires.  This is the third such state of emergency in the last 6 years, a truly unprecedented phenomenon.

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  • Surfside Florida & Structural Inspections


    With heavy hearts, we have followed the news out of Surfside Florida after a condominium building partially collapsed, leading to many deaths.

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  • COVID-19 (Coronavirus) – Update #21


    Dear Strata Councils,

    We are now into Phase 2 of the Province’s Restart Plan.  We know that you are as excited as we are to see friends, family and to re-engage in activities we have all missed.  We’d like to help support your efforts by providing the latest updates we have on various matters impacting your Strata Corporation:

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