If you’re new to real estate, then the title of this article might make your head spin. But special levies (also known as special assessments) are important to understand. They can cause major problems and hurt you financially if you are not aware of what they are. For example, if a special levy was passed…
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When buying a property with a strata, there are several documents to read before your purchase. Buyers should read through these documents to determine the status of the strata and make an informed purchase decision. Today, we will run through how to review strata documents as a buyer and what you should look for in…
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What is strata insurance? Strata insurance is the coverage provided for properties and liabilities within a strata. In accordance with the Strata Property Act, strata corporations are required to obtain and maintain property insurance and liability insurance. What does strata insurance include? Strata insurance typically includes coverage for common property, common assets, buildings shown on…
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Strata Documents Buying a new condo can come with many unknowns. Working in Vancouver, I work with a lot of clients who are looking to get into the condo market. One thing I try to emphasize with my clients is the importance of reading over the strata documents. They may not be the most riveting…
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