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Ministry of Housing Announces Changes to Protect BC Strata Owners, Reduce Insurance Costs

On Tuesday, the province announced new rules for developers and strata corporations to help protect owners from higher insurance costs due to neglected maintenance. The province has increased the minimum amount that developers and strata corporations must contribute to contingency reserve funds (CRF)  Currently, the minimum contribution is 5% of the strata’s annual operating expenses. […]

Opinion: Commercial real estate more ‘balanced’ in 2023

In a reflection of higher interest rates, Metro Vancouver prices are expected to come down next year as buyers and sellers adjust, expert suggests. The big story that closed out 2022 was rising interest rates and the impact of those rates on the commercial real estate sector, particularly as it relates to investment. By the […]