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B.C. condo insurance crisis continues in 2021, but faint signs of hope for unit owners

Construction cranes tower above condos under construction near southeast False Creek in Vancouver last year. Strata insurance prices have continued to escalate at an alarming pace since late 2019 as insurers fled B.C.’s market. The province promised a slew of changes to deal with the rising cost, but most have yet to come into effect. THE CANADIAN PRESS VANCOUVER — There are early signs the condo insurance crisis might be easing in 2021, but it is far from stopping: Multi-unit development...
United States United Kingdom British Columbia Justin Thouin John Horgan Rick Mahler

B.C. condo insurance crisis continues in 2021, but faint signs of hope for unit owners

Construction cranes tower above condos under construction near southeast False Creek in Vancouver last year. Strata insurance prices have continued to escalate at an alarming pace since late 2019 as insurers fled B.C.’s market. The province promised a slew of changes to deal with the rising cost, but most have yet to come into effect. THE CANADIAN PRESS VANCOUVER — There are early signs the condo insurance crisis might be easing in 2021, but it is far from stopping: Multi-unit development...
United States United Kingdom British Columbia Justin Thouin John Horgan Rick Mahler

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