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Boxes and plants stacked up by someone moving in to a new condo.
News InsuranceMarkets / Coverages

Insurance partnership helps condo buyers bridge builder fees

August 21, 2023 Philip Porado

Aviva Canada said it’s invested in OneClose Inc., a technology company that provides a financial solution to help owners of newly built condos save on what are called ‘interim occupancy fees.’ “Consumers who buy a newly built condo in Ontario face a

NEW RULES text on a sticky on a notebook with pen and glasses , blue background
News AnnouncementsAssociationsBrokersCommercial LinesInsuranceLegalLegislation / RegulationMarkets / Coverages

Brokerage wins limited injunction against regulator’s new rule

July 19, 2023 by David Gambrill

FS Insurance Brokers (FSIB), a B.C. insurance broker that has common ownership with a strata property management company, has won a limited injunction against a new rule proposed by the province’s broker regulator, pending judicial review of the new rule.

Condos along the Bow River in Calgary
News ClaimsCommercial LinesInsuranceLegislation / RegulationMarkets / CoveragesRisk

Why condo corporations need an extra ‘financial cushion’ 

April 27, 2023 by Jason Contant

Canada’s national actuarial organization is recommending legislation that would require condo corporations to hold in their reserve funds a “financial cushion” above what’s required by a reserve fund study.  “That cushion protects corporations from adverse deviations from increased expenditures (among

Condo owner calls her insurance company as the kitchen ceiling leaks
News BrokersClaimsInsurance

How an insurer’s report on a condo ceiling leak won the day

February 8, 2023 Philip Porado

Repairs outlined in an insurance company’s assessment of damages at a British Columbia condo must be made by the strata, said a decision from the province’s Civil Resolution Tribunal (CRT). Applicants in Rolfe v. The Owners, Strata Plan EPS3064 claimed the

Mouse infiltration damages water lines
News ClaimsInsurance

Did negligence cause mice ingress and water leaks?

February 6, 2023 Philip Porado

A British Columbia condo owner failed to show a strata corporation breached its duty to repair and maintain the irrigation system or the building’s waterproofing membrane. In Yoon v. The Owners, Strata Plan, the applicant, Bori Yoon, claimed the strata negligently

Traffic warning sign following landslide in British Columbia
News ClaimsInsurance

Landslides prompt B.C. city to declare state of emergency

January 20, 2023 The Canadian Press

CAMPBELL RIVER, B.C. – The City of Campbell River, B.C., has declared a state of local emergency to help it better deal with landslides that have forced some people from their homes. The city says a temporary evacuation order has

Montreal skyline from the Lachine Canal
News AssociationsClaimsClaims CanadaCommercial LinesInsuranceLegislation / RegulationMarkets / Coverages

Condo association calls for changes to help corporations recoup losses 

October 11, 2022 by Jason Contant

Quebec’s association representing condo corporations is reiterating a call on the newly re-elected provincial government to amend the Civil Code of Quebec to allow condo corporations to better recover losses from co-owners.  Currently, condo corporations (called syndicates in Quebec) are

Penthouse condo in Vancouver
News Insurance

Condo insurance: Is market stabilization fleeting?

August 11, 2022 by Jason Contant

Canada’s condo insurance market appears to have stabilized but the industry shouldn’t get lulled into the feeling that reforms are no longer needed, said Aaron Sutherland, the vice president of Insurance Bureau of Canada’s (IBC) Pacific region. Over the past

News Insurance

B.C. seeks forfeiture of $2.8M condo owned by alleged COVID-19 violator

October 19, 2021 The Canadian Press

VICTORIA – A civil action has been filed in British Columbia Supreme Court that could see the owner of a condo in Vancouver stripped of his property after allegedly violating COVID-19 restrictions. The director of civil forfeiture filed the claim

News Insurance

For how long will condo insurance rates continue to climb?

September 20, 2021 by Jason Contant

Rising condo insurance premiums will continue at least through the first two quarters of 2022, according to’s latest Home Insurance Price Index. Condo insurance premiums are continuing to rise in Canada, sustaining a years-long increase, the rate comparison site

News Insurance

Home insurance rates dropping but no reprieve for condo owners

July 28, 2021 by Jason Contant

Personal property premiums were a mixed bag in the first quarter of 2021, with insurance for condo owners continuing to rise, but home insurance rates trending down, according to a new report from released Tuesday. Year-over-year, home insurance premiums

News Insurance

Flames destroy unfinished condo in Langley, B.C., force nearby residents to evacuate

April 20, 2021 The Canadian Press

LANGLEY, B.C. – A huge fire has destroyed two six-storey condominium towers under construction in Langley, B.C. The fire broke out at around 9:30 p.m. Monday at the development in Langley’s Willoughby neighbourhood, about 45 kilometres east of Vancouver. The