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 developments are entering a second year of high insurance premiums and deductibles, creating financial hardship...
Source: timescolonist.com