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Is Strata Insurance Vancouver’s Next Leaky Condo Crisis? With Douglas Chan

Your Vancouver strata insurance deductible and premium probably just went up 50 to 300% and now a simple toilet leak could potentially bankrupt you. What happened? Reliance Insurance Specialist Douglas Chan sits down with Adam & Matt to detail the rapidly changing BC strata insurance market and the prognosis is not good. This will cost you money: in strata fees, in potential special levies, and in your personal condo insurance policy. What does this mean for the Vancouver real estate market? Are condos still a good investment or has Vancouver just become risky business? This episode will definitely shake your nerves and rattle your brains!

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*Considering a real estate transaction? One of the first decisions you will need to make is whether you should work with a licensed real estate professional who will represent you. Take a moment to read this important consumer protection information from the Real Estate Council of BC. This form explains the special legal duties that real estate professionals owe to their clients. CLICK HERE and please call 778-847-2854 or 778-866-4574 immediately if you would like to discuss.

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