VISOA report on BC Strata deficiencies

Deryk Norton of the Vancouver Island Strata Owners Association wrote in to let us know that VISOA has released their report on BC strata legislation deficiencies.  This is a follow up to this story we posted about in April.  Deryk mentions in his email that the Vancouver dailies haven’t covered this issue as they seem to more interested in ‘real estate boosterism’ than critical consumer issues.  Here is the text of the news release, with a link to the PDF report:

The Vancouver Island Strata Owners Association (VISOA) today released a report entitled Beyond the Sales Pitch: Ensuring Transparency and Accountability in BC Strata Developments. The report describes significant deficiencies in BC’s legislation affecting owners of 460,000 condominiums and other strata properties, or one in four taxable properties in the province.

This report comes after a series of public meetings with strata homeowners, written submissions from homeowners and consultation with homeowner associations on the mainland. Based on concerns expressed by strata homeowners, the report describes issues and proposes solutions. Most issues involve legislation deficiencies in transparency and accountability, including some corrected years ago in other jurisdictions. Highlights of deficiencies in BC’s legislation are:

• Requirements for disclosure of property condition and financial information that are inadequate for both strata homeowners and prospective purchasers,

•Lack of prosecution of developers operating contrary to strata legislation,

•Lack of an accessible and authoritative source of legislation interpretation to support the operation of strata corporations according to law,

•Dispute resolution provisions that effectively indulge irresponsible actions and leave disputes unresolved, and

•Standards for licensing strata managers that are ineffective in protecting the rights of strata homeowners.

VISOA will be taking this report to the provincial government and asking for a public review of the legislation affecting strata homeowners. It will also be available to other organizations and interested individuals”, said Felicia Oliver, VISOA President. The report can be viewed at www.visoa.bc.ca.

VISOA is a non-profit organization that has provided information and education services to strata homeowners and strata councils on Vancouver Island since 1973. It is independent of both government and the real estate industry.

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Moldcity
Moldcity
12 years ago

you could write a good horror novel about the typical strata council or co-op board.

Not exactly about stratas, but there's always J.G. Ballards Highrise:

http://en.wikipedia.org/wiki/High_Rise

bdk
bdk
12 years ago

My Bad, I'm fried tonight. I meant Lord of the Flies.

blueskies
blueskies
12 years ago

The Lord of the Flies” is more appropriate.

yes!

strata councils bring out the worst in people,

and the worst kind of people love to participate

you could write a good horror novel about the typical strata council or co-op board.

patriotz
patriotz
12 years ago

You are going to get a lot of people mad at you by calling LOTR a "children's book".

Anyway I think you had the wrong book in mind. I think "The Lord of the Flies" is more appropriate.

bdk
bdk
12 years ago

Stratas are a lot like the childrens book "the lord of the rings"

Imagine having Krissh on a strata!

Strataman
Strataman
12 years ago

That is a terrific report, unfortunately the Vancouver Strata Association who would in my opinion fill the negatives in the report to a tee!!!! 🙂 haven't even come close to that analysis. I would strongly suggest that in the next 5 years we will see the "strata owner" being sharply degraded as an "naive" foolish buyer. I go to dozens of meetings where trying to get the interest of the owner is a lost cause. The general (+90% of owners) involvement is "I have granite counter tops why should I be active", they are the ultimate "idiots". (My quotations). The IQ of Strata councils borders on the absurd, yet the really really stupid people are that 90% of owners who let strata elections run by acclamation! I would never buy as I know the ins and outs of this set-up… Read more »

Clarke
Clarke
12 years ago

These all seem like pretty reasonable recommendations, but I would not hold my breath on many changes being implemented. The fact that the local media has ignored this and focused on "boosterism" might be explained by noting who seems to purchase the majority of the advertising space.

The idea that your condo is actually a collective investment and is subject to communal decision making is something a lot of people have a hard time getting their heads around. I lived in a condo, and was on the strata council when we went through the leak issue and it was not a low stress experience.