New regulations help close loopholes for strata owners (BC)

/ Owner - May 17, 2024

The B.C. Ministry of Housing recently announced new regulations to close a loophole that allowed strata corporations to indefinitely defer depreciation reports.  Depreciation reports help estimate the long-term repair and replacement costs of a strata corporation’s shared property and assets, giving strata owners the ability to contribute to contingency reserve funds as required.   Read the article…………………………….

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