The BC NDP introduced new legislation requiring that all BC strata corporations must now put aside 10% of their operating budget annually (an increase from the current mandatory 5%) to ensure that there is an adequate contingency reserve fund to protect strata owners and prevent steep special levies and higher insurance costs. So what does this mean to you? ...well very likely that your monthly strata fee will increase.
In today’s video, Surrey real estate specialist, Steve Karrasch of Macdonald Realty reviews a CBC article detailing the BC NDP’s new requirement for BC stratas and what that may mean for you if your strata has not been putting aside enough money annually into the contingency reserve fund, or if you are looking to purchase a strata property.
CBC News: BC government raising payments for strata contingency reserve funds: How real estate unaffordability is being propped up
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book time with Steve
In today’s video, Surrey real estate specialist, Steve Karrasch of Macdonald Realty reviews a CBC article detailing the BC NDP’s new requirement for BC stratas and what that may mean for you if your strata has not been putting aside enough money annually into the contingency reserve fund, or if you are looking to purchase a strata property.
CBC News: BC government raising payments for strata contingency reserve funds: How real estate unaffordability is being propped up
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book time with Steve
call or text: 604-549-5828
email: steve@krproperties.ca
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email: steve@krproperties.ca
DOWNLOAD Our *FREE* Home Buyer's Guide
Are you a REALTOR®? Want to learn how to level up your business?
Learn how to improve your message with the #1 Real Estate Video Course or my YouTube Course for Real Estate
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Subscribe To The Tom Storey Show Podcast with Steve and Tom:
YouTube: https://www.youtube.com/channel/UCse8VG5r3C9O9S7W6-p5sNg
Spotify: https://open.spotify.com/show/7wEEPUUhaC8g2CsIwJetbd
Apple Podcast: https://podcasts.apple.com/ca/podcast/the-tom-storey-show-with-steve-tom/id1627632474
*** Start Your Mortgage Application Today***
CITY WIDE Mortgage Services: https://mtgapp.scarlettnetwork.com/KR_Properties/home
INVESTORS! Download Lendlord for *FREE* to manage and analyze your properties: https://www.lendlord.io/krp
My Video Gear:
Microphone: https://amzn.to/3mim9u5
Interview Microphones: https://amzn.to/3nzryhx
Studio Lights: https://amzn.to/3r8uLoY
Ring Light: https://amzn.to/3ACAIPg
Mobile Light: https://amzn.to/337evN9
Wall Mount Boom: https://amzn.to/3fjtaHq
Teleprompter: https://amzn.to/3YLDGvG
Teleprompter Screen: https://amzn.to/3qef54m
Power Supply: https://amzn.to/3qYpe4o
USBC Hub: https://amzn.to/3r2ACw1