Selling an Entire Strata Corporation, a Behind the Scenes Look

On November 17, 2016, Normac was pleased to partake in an event, Selling an Entire Strata Corporation, a Behind the Scenes Look, hosted by the REIC Greater Vancouver Chapter and IREM BC Chapter 50.  A packed room of real estate professionals, strata council members, and those with simply an interest in the subject matter listened to a panel of seven experts in various fields, each with a unique perspective on the process.  Moderated by Gina Arsens, REIC Greater Vancouver Chapter President-Elect and Normac Vice President, the panel took an in-depth examination of the challenges involved in selling an entire strata corporation.

Panel speakers included:

Jonathan Carter, Terra Law Corporation
Kelvin Coley-Donohue, Campbell & Pound Ltd.
Lance Coulson, Senior Vice President, CBRE
Mitch Cramp, Vice President, CBRE
Rene Cravioto, President of the Owners Council for Seymour Estates
Darren Donnelly, Clark Wilson LLP
Dan O’Hearn, President, Quay Pacific Property Management

Event attendees indicated that the unique perspective of each speaker resulted in a dynamic and extremely informative event. For more information on how to terminate a strata corporation, visit the BC government website at http://www2.gov.bc.ca/gov/content/housing-tenancy/strata-housing/termination.

 

 

Calgary’s Building Maintainance Bylaw – In Effect January 1, 2017

Taken from the City of Calgary’s Website.  

Building Maintenance Bylaw

The City of Calgary’s Building Maintenance Bylaw will better protect the public by requiring the exterior of Calgary’s buildings to be visually assessed for necessary repairs every five years. It was approved by Calgary City Council on June 20, 2016.

The bylaw includes buildings that are five storeys or greater and over 10 years old, and will require visual assessments on building exterior walls and roofs. This allows The City to focus on the highest risk issues on the highest risk buildings first.

There will be a phased approach to bylaw implementation, where the oldest buildings must complete their visual assessments first. This will enable an efficient use of resources.

View the Building Maintenance Bylaw here. Please note that it comes into force on January 1, 2017. 

Why did we develop a Building Maintenance Bylaw?

This bylaw will fill the gap left after the final inspection when a building is first constructed or renovated, and address safety issues before they happen. While the Alberta Building Code states that a building owner may not allow an unsafe condition to be maintained, there is no clearly articulated requirement to maintain buildings. The bylaw aims to make that clear in Calgary.

In recent years, there have been several incidents of building materials and debris falling off of buildings in Calgary, particularly in the downtown core. The City has investigated many incidents related to falling debris, building cracks or collapse, and injury due to falling from windows. From these investigations, we know we can do more to help prevent safety issues connected to building maintenance.

November 2011 wind storm
Palliser Hotel, June 2015. Image: Pat Carroll/Global News