One of Canada’s largest condominium builders has announced it will add a raft of new technologies and systems to its future high-rise projects to help address an increase in water damage problems. “Water damage in condo development is an industry-wide issue,” said Peter Webb, senior vice-president of development for Concord Pacific Group Inc. “When there is water damage it can be rapid and expensive, and it’s causing big impacts on insurance premiums. Our interest is trying to protect against inflated premiums, and in trying to mitigate the potential of these problems.” Read the entire article……………………………….
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December 5, 2019
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