Condos

A man stands in the window of an upper floor condo in Vancouver on March 24, 2020. THE CANADIAN PRESS/Darryl Dyck

Change made to insurance for B.C. condo owners amid rising premiums

Council CEO Janet Sinclair says the change will mean less price volatility

 

Rob Parker, strata council president at the Prestwick townhouse development, seen here in his home on Saturday, March 4th, was told the insurance premium shared by all owners would triple. (Special to Langley Advance Times)

Insurance shock for B.C. condo owners

Claim-free two-year-old townhouse complex told premium will nearly triple

 

The 26-storey Mahogany Tower is the tallest building in Abbotsford. In January, the strata was shocked to see their initial deductible had increased by 780 per cent. Ken Goudswaard/Abbotsford News.

Unwise claims by condo stratas may be adding to insurance spikes, says local developer

One Abbotsford owner says strata claimed thousands for damage she could’ve fixed for $700