Condo Smarts: Liquidation a lengthy process for stratas

Dear Tony: Our strata of 45 units in Burnaby is in the process of discussing liquidation as an option. It isn’t because our building is in bad shape or needs major repairs, but we are in an area where there is plenty of development and before long, we’ll be the only building left unchanged.     Read the article………..


Related Articles

Nenshi says new building maintenance bylaw is proactive way to keep citizens safe (AB)

There are new rules for Calgary buildings that are five or more storeys tall and 10 or more years old.

Condo Smarts: When is the time right to liquidate?

Dear Tony: What happens when a strata corporation reaches an impasse on repairs? In October, our strata had an offer

Condo Smarts: Information about strata was not adequate

Dear Tony: We put an offer in on a condo two weeks ago and requested a Form B information certificate.