What Your Strata Corporation Needs to Know About the Legalization of Recreational Cannabis
Posted on Monday October 15, 2018
The Canadian Senate passed Bill C-45, known as the ‘Cannabis Act’, in June 2018 which legalized the recreational use of cannabis across Canada. The first G-7 country to do so! When Bill-C45 goes into effect on October 17th, Canadians will be able to purchase, consume and grow cannabis as well as make cannabis-containing products at home, such as food and drinks.
5 Ways to Establish Strata Policies That Make Sense
Posted on Tuesday September 25, 2018
Strata corporations need to have policies in place to function well. However, if you create new rules without adequately considering all their potential effects, or if you don’t enforce them properly, things can go awry. Rules that go too far or are not enforced consistently – if at all – can cause resentment and animosity among residents and can erode your strata’s sense of community. So what can your council do to dodge these types of problems?
The Essential Five People On Your Strata Council
Posted on Thursday August 16, 2018
It takes a lot to build a great community. You need committed residents, a dedicated strata council, and a clear understanding of everybody's roles and responsibilities.
5 Tips to Improve How Your Council Communicates the Strata Budget
Posted on Tuesday July 03, 2018
Creating your strata corporation’s annual budget is one of your council’s most important jobs. It takes a lot of time and hard work, and it frequently means making tough spending decisions. Strata members often scrutinize it carefully because of how much it impacts the strata as a whole and themselves as individual homeowners. “The budget affects everyone because it’s something that all the owners in the strata are contributing to,” explains Dylan Murray, controller for FirstService Residential in British Columbia. “You can never over communicate about it.”
Depreciation Reports: What You Need to Know
Posted on Monday May 21, 2018
A depreciation report provides an inventory of your Strata Corporation’s common property and assets, their projected 30-year maintenance and replacement cost. It is a useful tool for Strata Councils when it comes to budgeting for capital projects and it also gives transparency for owners and buyers on the building.
3 Ways Your Strata Corporation Can Fund Capital Expenses
Posted on Tuesday May 15, 2018
Your strata council may not want to think about future expenses given what you need to spend money on today. But eventually, you’ll need to fund the repair or replacement of your building’s big-ticket components. Whether that means replacing the roof, overhauling the elevators or installing a new heating and cooling system, you can’t overlook these projects. So how does your strata plan to pay for them?
11 Qualities that Make a Great Strata Management Company
Posted on Monday May 14, 2018
While every strata corporation has its own unique needs, and every strata management company has a unique way of serving them, there are a handful of qualities that any great company should have. And if they don’t, steer clear.
The Quick Guide to Finding a Strata Management Company
Posted on Tuesday May 08, 2018
So, your council has been self-managing your strata, and now you’re ready to hire a strata management company. Good decision! At first, you feel relief and then... panic sets in. This is a big decision. How do you go about finding a reputable company that will dedicate itself to ensuring the safety and happiness of you and your neighbours? How do you know you’re making the right choice?