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Heightened Market Activity Prompts Real Estate Regulators to Caution Consumers

Heightened Market Activity Prompts Real Estate Regulators to Caution Consumers
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Real Estate Council of BC and Office of the Superintendent of Real Estate urge buyers to do their research before making an offer
VANCOUVER, BC, April 9, 2021 /CNW/ - With real estate market activity in BC continuing to increase, the Real Estate Council of BC (RECBC) and Office of the Superintendent of Real Estate (OSRE) are encouraging British Columbians to be aware of the potential risks and do their research before making an offer on a home. ....

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Management Fund Vs Sinking Fund: A Guide for Strata Property Owners

Management Fund Vs Sinking Fund: A Guide for Strata Property Owners
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B.C. couple fined $107K in Airbnb dispute win case | iNFOnews | Thompson-Okanagan's News Source

February 05, 2021 - 7:00 AM
A B.C. couple that racked up more than $100,000 in strata fines for allegedly letting out their condos as short term vacation rentals will only have to pay a $200 penalty after the strata council failed on multiple levels to prove they d done anything wrong.
According to a Feb. 1 Civil Resolution Tribunal decision, the strata even revamped its bylaw prohibiting vacation rentals but the Tribunal ruled it was still awkwardly worded and unclear and therefore thousands of dollars worth of fines were invalid.
One of the condo owners also escaped having to pay $45,000 of fines because the strata council had written to her at a different address and not followed the protocol set out in the Strata Property Act. ....

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