What legislation and regulations govern strata corporations in British Columbia? Governing Legislation What legislation and regulations govern strata corporations in British Columbia? Warranty Programs Do provincial legislation and/or regulations require that developers of new strata provide a new home warranty to buyers? Yes. The Homeowner Protection Act and Homeowner Protection Act Regulation generally require developers to provide one through…
BARE LAND CONDOMINIUM The boundaries of a bare land condominium are defined in relation to the land, instead of to a structure or improvement on the land. A building that is constructed on a bare land unit is considered part of the unit. BOARD OF DIRECTORS Each condominium has a board of directors that is…
Common questions and concerns about purchasing condominiums WHERE ARE MY UNIT’S BOUNDARIES? This will depend on your condominium. Sometimes, a unit boundary can be at the backside of the interior drywall of the unit’s dividing walls. Or, it might be the centre line of the unit’s walls. It’s important to be clear where your unit’s…
All of the information you need from the experts before buying a condominium. Before you purchase a new or resale condominium, you should consult with a number of advisors and condominium experts. The following questions will help you assess their qualifications. Of course, condominium markets vary and the intensity of a particular market can influence…
Use this checklist to size up the physical state of the condominium. Common Elements — Interior Common Elements — Exterior Unit Neighbourhood
Expenses included in buying a condo. Don’t Forget to Factor These Costs Into Your Budget: * May not apply to resale units, since it was already paid and/or factored into the purchase price. There are exceptions. For instance, GST and the federal portion of the HST will apply in some cases. Recurring Costs: Other Costs…
All of the lists, tips and answers to frequently asked questions you need when buying a condo. Tips for buying a new condominium Handy tips to help you when you go to buy a new condominium. Look over the unit’s drawings and specifications so you’re clear about the floor measurements. Do they reflect the actual floor…
Determine the condominium you can afford and which experts to consult. Looking at potential homes to buy can be an exciting experience. First, you need to figure out what you can afford and how much of a mortgage you’ll need. Then, once you find a condominium that matches your financial and personal criteria, you’ll want…
Determining if condominium living fits with your lifestyle, personality and financial situation. Wondering whether or not condominium living really is the right choice for you? You may love the idea of ditching your snow shovel and lawn mower when you move into a condo, but you might not be so happy about leaving your satellite…
