BC depreciation reports: A 2025 guide

In the interest of transforming mystery into a portrait of the industry’s reality, you’re invited to consider (that is, re-consider) these eight myths about property management firms.

One of the most crucial ways to protect your strata corporation’s financial health is by staying on top of your property’s maintenance and improvements. To manage this well, you need to have a means for attending to required preventative maintenance and regular maintenance. Here’s what that should entail.
 

Undoubtedly, running meetings is one of the most ;challenging parts of being on your strata council. Members sometimes get off track. Disagreements sometimes turn into arguments. Short discussions sometimes become long-winded monologues. Is there anything you can do to make your council meetings more effective?

As a council member for your strata corporation, you know that your community depends on volunteers to operate successfully. However, finding residents who are willing to be on your council, join a committee or help at an event can be challenging.

Humans are social creatures with a deep-seated yearning for connection and community. This is particularly evident in a strata corporation, where a strong sense of community can be the difference between long-standing residency and high turnover.

Learn about the roles and responsibilities of your strata corporation and strata council by watching the following videos from a recent seminar hosted by FirstService Residential. Also discover more information about the Civil Resolution Tribunal and how it can help your strata solve disputes quickly and affordably. The seminar was led by guest speakers Sean Ingraham (FirstService Residential), Veronica Franco (Clark Wilson) and Shannon Salter (Civil Resolution Tribunal). 

We can all agree there are many important elements to a housing structure, but your roof is probably the most important. Changing temperatures, large amounts of rain and high winds can all cause major damage to condominiums. These weather conditions can create all sorts of problems, from minor leaks to major cave-ins that can cost a strata thousands to repair, not to mention the risk to safety and security. 

A strong, healthy strata corporation requires every facet of property management to work in sync toward one common goal...true financial stability. 

Starting July 1, the City of Vancouver will be penalizing you for leaving your home or condominium vacant. So why not rent it out?