The dramatic increase in recent condo insurance rates has been a hot topic these days! Some strata corporations have seen skyrocketing rates, while others are dealing with a problem of no coverage at all.

It’s unclear at this point how some buildings seem to be affected, while similar buildings are not affected at all. ⁣⁣⁣⁣Each strata will be different on a case by case basis, make sure you ask the right questions. A history of claims, or deferring maintenance could be a red flag, reading all documents available and obtaining legal advice on what you’re buying into is more important than ever. ⁣⁣⁣⁣

Working with a buyers agent is at no cost to you! Hire a Realtor with knowledge and experience, it’s more important than ever.

We are happy to help!