RSS

The Strata Property Amendment Act received Royal Assent on October 29, 2009.  That means changes will be coming soon once regulations are passed.
 
Some of the important changes are the audition of the financial statement by a qualified person, Depreciation Reports accessible to owners and buyers, separate fund account for Special Levies, improvements for disputes, and lower percentage of votes for resolutions.  For potential buyers, changes also mean clarifications on  areas such as rental restrictions of strata units, age restrictions, disclosure of parking and storage.  At the moment, the above issues sometimes cause confusion and misunderstanding among buyers and sellers.  As soon as changes are passed, I will update.
 
Aki Foster
 
 
Read
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.