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Condo insurance raises affecting every strata?
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So there's lots of news lately about condo insurance fees skyrocketing. Even a 1 year old highrise in Abbotsford was hit with unreasonably high spikes.
So I'm looking to buy a townhouse this year, can't afford a freehold property so I'm forced to be part of a strata. Are the building insurance spikes going to affect every strata in the lower mainland? I don't want to dive into something this year where the strata fee is $240/mth but next year it will be $600/mth and you suddenly have to pay them like 6 grand as well. That's just beyond ridiculous. I'm legitimately worried
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- 4 years ago
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