Condo Smarts: Strata seeks straight answer on quake coverage
Dear Tony: We live in a 110-unit bare-land strata in the Okanagan Valley. Our recent building appraisal increased our property valuation by more than 500 per cent because the in-ground systems of water, sanitation and roads were included in the assessment. As a result, our insurance doubled. We have been talking to our insurance broker about the reason for the increase and questioning whether the costs actually cover anything new. Read the Q&A…………….
Dear Tony: Our strata council routinely uses email to make decisions and share information with each other and with owners.
Q I live in at condo that allowed two dogs when I took possession of my unit two years ago.
The CMHC report dispels the view that Toronto condo owners are mostly speculators who have an eye on flipping their