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I am renting
The landlord/tenant relationship is important. As issues arise, know what it takes to make it work over the long term. Moving day Now that you have decided to rent, it is important to plan for moving day accordingly. Some people…
I want to rent. Everything you need to know
Tips for tenants and landlords. Things to consider when looking for rental housing and evaluating costs. As a general rule, housing costs should be less than 30% of before-tax household income. This includes: Below are other considerations to take into…
British Columbia Real Estate Fact Sheet
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…
Glossary common terms and phrases when purchasing a condominium.
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…
Frequently asked questions when purchasing condominiums
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…
Questions to ask advisors and condominium experts
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…
Physical evaluation checklist for resale units
Use this checklist to size up the physical state of the condominium. Common Elements — Interior Common Elements — Exterior Unit Neighbourhood
Condominium purchase and recurring costs
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…
Tips for buying a new and resale condominium
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…
Buying a condominium
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…
The pros and cons of condominium ownership
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…
Condominium governance
Condominiums are communities and some run more smoothly than others. Before buying a unit, ensure you understand how condominium corporations make decisions about finances, common property, rules and regulations. This section outlines the role of the board of directors, your…
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