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Home Thoughts & Trends for 2021

by Bevony on December 30, 2020 No comments
Image by Anja🤗#helpinghands #solidarity#stays healthy🙏 from Pixabay

We had a very rough year in 2020. As we look to 2021 we are entering a new year with COVID-19. Vaccines are now available, but right away a new strain of the virus emerged. Our future is very unpredictable. Our new normal is sanitizing, mask-wearing, and social distancing. What we do know is that COVID-19 will have a long-lasting effect on how we design our houses, neighborhoods, and cities. 

Previous Pandemics/Epidemics and House Design 

If we think of the tuberculosis epidemic in the 19th and 20th centuries. In a time before antibiotics, people started spending more time outside. This was because the best known cure was fresh air and sunlight. Designers introduced sleeping porches on the upper floors of Victorian style houses so people could get fresher air and sunlight. This is no longer seen in our current homes, but we do have decks and balconies. 

The flu pandemic of 1918 introduced “powder rooms” into houses so that guests would not have to use the main bathrooms. This was also a time of transformation for the main bathrooms. White toilet seats replaced wooden ones and more built-in bathtubs and white tiles replaced those of the previous era. All this was done to minimize the spread of germs.

Le Corbusier, a French-Swiss architect, urged residents to get rid of clutter. He urged people to get rid of heavy furniture, and carpets. This while urging them to keep their walls and floors clear to eliminate dark and dirty corners. 

Design Before the COVID-19 Pandemic

Before the onset of COVID-19, several developments in the Metro Vancouver area offered clean white interiors and exteriors. When we look at single-family homes, on the other hand, they are designed for another era. 

Many people have started to work from home and so homeowners are revamping their homes to include dedicated office space. Now we are seeing the need for more dedicated office spaces that are quieter and away from your family. Because these types of set-ups are more conducive to work. A separate home office is the most ideal scenario, but smaller apartments will prove difficult to make this a reality. The aim would then be to modify the layout of a living room to offer a space for work. 

Image by Alexandra_Koch from Pixabay

Previous epidemics and pandemics have transformed our built environments. The Cholera pandemic of the 19th century caused urban parks around the world to incorporate tree-lined boulevards. Central Park was created in the 1850s by the New York City’s Board of Health. This was the first public park in the United States. 

Vancouver Changes

Years ago Vancouver established a requirement for 2.75 acres of park space for every 1,000 residents. This seems to be forgotten, but we expect in the coming year that many municipalities will start to create more public open spaces, plazas, and parks. 

We may see road space reallocated to allow for wider footpaths which would reduce driving lanes for vehicular traffic. Like major European cities, we may even find some streets converted into pedestrian zones. 

Historical data shows that with the increases in the prices of lower mainland homes, commuting times have also increased. For potential homeowners to find something they can afford they would have to drive further. 

We find many households moving away from the lower mainland to Pemberton and Squamish which are smaller communities. We even see households moving away from Victoria on Vancouver Island.  

The use of video conferencing tools has increased during the pandemic. As such, more and more families are realizing there is no need for them to live physically close to their jobs. We expect in the coming years to see many communities’ housing prices become more affordable. 

COVID-19 and Urban Density

There are questions about how COVID-19 will affect urban density and apartment living. We think many residents will prefer to opt for ground housing over apartments that are accessed by elevators. But these high-density developments won’t become obsolete in the near or distant future.  

There is talk about “the 15-minute city”. This refers to living in an area where residents can get to work, leisure activities, and shopping whether by walk or a short bike ride. 

2020 was an awful year for many of us. But happily the pandemic has changed our focus. Now we all want healthier homes and communities in 2021 and beyond. 

On a positive note, the team here at Silver Beam wishes you a Happy New Year and a Prosperous 2021. 

Image by monicore from Pixabay
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BevonyHome Thoughts & Trends for 2021

Detached Home Sales Up from Outside Markets

by Bevony on December 16, 2020 No comments
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Image by Gerd Altmann from Pixabay

The BC real estate market has seen a lot of momentum lately, but we are seeing that these sales are coming from outside of Vancouver. Most of the demand is coming from the Okanagan and the Fraser Valley. Buyers are looking more and more for detached homes and Vancouver has them to offer. 

Around this time of year we would be seeing a seasonal slowing but not this year. The sale of detached homes has been on the rise for the past couple months. With more people working from home and staying at home, people need more space for offices and in their yards. 

How Much Did the Sales Rise for November 2020?

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Image by Tumisu from Pixabay

MLS’s service posted a 42% increase over November 2019 with the highest recorded home sales coming in at 2,173. This is the highest the Fraser Valley Real Estate Board has recorded for almost a century!

The Okanagan saw a rise of 74% in home sales including the Shuswap and Central North. The Metro Vancouver area saw a modest increase of around 23%. Land seems to be the premium with buyers looking to get more land in the entry level price ranges. 

What House Prices Are Looking Like

In Abbotsford, detached homes are priced above $620,000 on average. Buyers seem to be looking for older homes that may be later rebuilt. A Lot of properties are getting multiple offers as a bit of a frenzy seemingly ensues. 

There’s not as much demand for luxury homes  with Fraser Valley townhouse sales rising about just 51% with apartment sales on a slow rise of 15% over sales in November 2019. The highest demand in Fraser VAlley is being seen for properties that are less expensive and that have more land.  

Many realtors find themselves going back to listing strategies and procedures used in 2016 and 2017. They are listing the home and making a set time and date for multiple offers. This is due to the specificity in the demand. So listings are dwindling but buyer demand is still there. The demand is being fueled by historically low interest rates as well. 

What About the Condo Market?

The condo market on the other hand is going the other way. There are lots of condos listed with more than 2000 for sale in Metro Vancouver for the month of November. It is expected that once the economy settles and people return to their in person classes and in office jobs, buyers and investors will return for the condos. 

Are you in the market for a detached home but can’t seem to find one? Let us help you. Here, at Silver Beam Homes, custom homes are our specialty. Let us know what your needs are, and we can provide you with just what fulfills them better than any home already on the market for sale. Contact us today.

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BevonyDetached Home Sales Up from Outside Markets

Tips to Knock out The Holiday Blues This Holiday Season

by Bevony on December 12, 2020 No comments

2020 has been a year that has filled us with fear, anxiety and grief. For most of us, the holiday season is not one to look forward to. We have lost loved ones, lost income and are being restricted from traveling and having large gatherings. With social distancing rules all across the globe, many will not get to have that intimate time they would usually have with their loved ones as they would normally. 

As our American neighbors brace for an increase in COVID-19 cases, it is expected to be a dark winter. The Gallup 2020 Global Emotions Report shows that Mericans are sadder than they have been in previous years, with 27% of participants reporting that they experienced a lot of sadness the day before participating in the survey. Even mental health and other “happiness” experts are struggling with their emotions, said Neil Pasricha of The Institute for Global Happiness in Toronto. The consensus is that everybody is feeling this way. 

Holiday blues are not new, but this year we combine the coronavirus crisis and all its related stress with the seasonal affective disorder that typical surfaces during the season and what you have is a bad combination for those at risk for mental health problems. But here are a couple things you can do to help yourself feel less anxious, to boost your mood and to feel happier this holiday season. 

Two Minute Morning

Begin every morning by indicating the things you will let go of. 

Today I will let go of ….”  You can list as many things as you want to let go for the day and your list can be the same every day or it may change as your circumstances change. 

Today I am grateful for….” think of all the things, people, places and events that you can be thankful for. It can be the little things, your dog, your child, your spouse, your coffee maker, your favorite socks. Whatever it is that you are thankful for, be specific about it, specify the name of your spouse etc and you can even go as far as listing why you are thankful for them.   

Right now, I will focus on…” think of that one task on your to do list that has been sitting there for a while and focus on getting that one done before the others today. The feeling of accomplishment you experience will give you a rush of feel good chemicals and your blues will be lifted. 

Do Some Yoga

Yoga can help you to feel better as it helps you to feel more centered. The great thing is that you can find a lot of free videos online so you don’t have to pay for anything and you don’t have to leave the comfort and safety of your home. 

Make a List

Make a list of all the things you need to get done for the day or the week. As you go through and complete these tasks, cross each one off. This will help to keep you focused and accomplishing these small tasks will boost your body’s release of feel good hormones that can help boost your mood. 

Go Outside Safely

Nature is a great healer, spending a little time in nature every day that can boost your physical well-being and your mental wellbeing. With a visit outside you can increase your happiness, reduce your stress and strengthen your immune system. You can spend some time in your backyard if you have one or take a walk in your neighborhood  or in a park if there is one nearby. While outside, ensure you are practicing social distancing to keep yourself safe. 

What are some of the things you do to boost your mood and relieve stress? Please share, your comment could be helpful for someone.  

OV. 19, 202005:16

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BevonyTips to Knock out The Holiday Blues This Holiday Season

Personalize Your Next Home

by Bevony on November 4, 2020 No comments

Personalization is key when it comes to making your new house feel like a home. When you purchase a new detached home or a “move up” home, your must have list will be very different from a first time home buyer or someone purchasing a new condo. 

When you have already developed an idea of what you like you can make the best decisions for your new home. You can make your home a reflection of you and what matters the most to yourself. Design is big business nowadays. Those who know exactly what they want will want to work with a builder who will allow them a custom building plan. That’s what we do here at SilverBeam Homes. We work with your dreams and your budget. 

The SilverBeam Way

When you are deciding on the next home, the dream home, the one for the rest of your life you are allowed to be very particular. No matter how unusual you think your idea or request may be, let us know what it is. You need a home gym? Do you need dedicated office space for the new normal? Do you need extra electrical outlets? Want to customize your fireplace or your kitchen, we can help you with that. 

What are the custom features that you need for your new home? Let us know in the comments below. Give us a call, so we can get started working with you to make that dream a reality. The sooner the better! We are waiting to hear from you. 

We have the skilled team you need to do everything. Our Design-Build Process encompasses everything from designing, permit approvals, building and more. Don’t have financing? We can put you on to one of our partners to assist with that. We can offer you help for every step of the way. 

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BevonyPersonalize Your Next Home

The luxury Home Market in Vancouver is Recovering

by Bevony on September 30, 2020 No comments

According to the latest Royal LePage report, the real estate market in Vancouver is slowly recovering for luxury homes. This particular market has been in a slump over the last couple years. So not only is this good news but it is also interesting that the market is recovering during a pandemic. 

The report notes that the recovery is being seen both in price increases and with an increase in demand. Released last Wednesday, the report indicates that properties over $5 million are seeing price increases. The report indicates that in mid-March, around the time of the COVID_19 pandemic onset, the prices of luxury homes rose by 3.9 percent, bringing home selling medians above 4 million dollars. 

With equity being recovered we can easily understand why we are seeing these price gains. There has been a sustained correction brought on by low sales and price softening and this is causing equity to recover. With all of that, consumers are now regaining their confidence as more people are settling into the “new normal”. 

Market Anticipations

We anticipate that as long as the interest rates remain low and the economic conditions continue to be stable, the demand for luxury properties will continue to recover for the remainder of the year. 

Buyers who had previously taken advantage of price softening and had the opportunity to get luxury homes below $4 million should be rejoicing right now. Others probably are mad they didn’t take the opportunity. These opportunities will be getting exceedingly harder to find. This is because the gap between asking and selling prices is currently narrowing for homes that are priced over $5million. But there are quite a number of options for buying to those who are motivated to buy. 

What This Means for Offshore Buyers

Meanwhile, Metro Vancouver is still on top for luxury properties for offshore buyers. Many marketers note that COVID-19 is causing this stimulation of demand for “safe havens, this is good news as well since these numbers were down as far back as two years before the pandemic. Prosperous buyers are also looking for discounts thanks to the pandemic. 

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BevonyThe luxury Home Market in Vancouver is Recovering

It’s Time to Start Investing in Local Design

by Bevony on June 24, 2020 No comments

With the COVID 19 pandemic putting a lot of restrictions on how we go about life. More and more local businesses are seeing a demand in their services. This is true for local design companies. While companies are offering virtual services, having zoom meetings, and the like, some people still want that personal touch. They still want to sit in person and touch swatches and look at live colors instead of over a screen. And as such, customers who had previously engaged with companies further away are changing to work with local design companies. 

What Are Local Design Firms Doing

Local design firms are seeing the difference in the last few months, especially now when there is reopening of many places and things. In some places, there are restrictions against leaving a province. There are also restrictions on leaving the country. So more people can be allowed out within their own neighborhood. And so people have the opportunity to work with the locals they may have never known about before. 

Start Investing in Local Design

No matter the size of your home, whether two to ten bedrooms. Creating a cohesive look that is representative of your style can be tricky. If you need help to:

  • Plan a functional space
  • Design a new space inside your home
  • Rearrange your existing pieces or
  • Just source amazing decor and furniture, a professional will help you do the best job. 

With globalization looking unsustainable a the moment all we have left is our immediate communities. And it is important that we support our local ecosystems. There doesn’t have to be a disconnect between manufacturing and design anymore and global lockdowns are pushing to change this. 

With a slow down in everything thanks to COVID-19, design shows have been either canceled, rescheduled, scaled back immensely, or even moved online. As designers have gotten some time to breathe, many of them have come up with new ideas and new ways to work with the current restrictions. Now they can spend more time creating the ultimate design for you than rushing from show to show trying to market themselves because right now the markets are right in their hometowns.

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BevonyIt’s Time to Start Investing in Local Design

Stages of New Home Construction for The Lower Mainland

by Bevony on June 17, 2020 No comments
Stages of New Home Construction for The Lower Mainland

Lower Mainland has similar stages of construction for new homes as Vancouver. These are pretty similar to those anywhere in British Columbia and usually includes five stages. Each stage will take a different amount of time and there are many factors that affect this time. So we won’t assign a time period as to how long each phase will take. Note that some people may have their homes complete in just a matter of months while others may take up to a year. It all depends on the scope of work, the location of the project, and the size of the home. There are often unforeseen delays that can affect the timeline of a home’s construction as well. 

Pre Construction 

This stage includes everything from thinking of custom building to buying a property. During this stage you will be deciding on your house plan, working with an architect, and choosing a builder. All the initial permits required to break ground must be prepared at this point. Some areas may require site testing to determine if there is a water table. 

Foundation 

At this stage, the ground is broken and the framing of the house can begin. Some local government inspections may be required at this point in the home building process. 

Framing 

At this stage, your home is being created from the ground up. The house will start to take shape and if there is a basement in the design this will be installed. Doors and windows are typically installed at this stage. During this phase of the home building process, the construction will undergo multiple inspections. 

Interior and Exterior 

At this phase of the home building process, your house is really looking like a house. The walls will go up than electrical and plumbing installations will be done. Finishing is done on the electrical and plumbing installations at this point in time. During this phase, there are still ongoing inspections being done to the building periodically. 

Hand-Over 

This is the most exciting phase for the homeowner. The builder at this point ensures that all tasks have been completed and that the home is complete. The keys are handed over to the homeowner once all checks have been made and the house is deemed ready. 

If you are thinking of building a new home in the Mainland Area, please do give us a call. Our specialty is custom homes in Lower Mainland, Vancouver, and British Columbia. We can help make your dream a reality. 

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BevonyStages of New Home Construction for The Lower Mainland

Tips on Keeping Your Sanity While at Home

by Bevony on May 28, 2020 No comments

The past two months of 2020 has had the entire world settling into a new norm. We are all now mostly homebound and have accepted that staying in means staying alive. Some of us are all about ready to lose our minds from all this “staying in” and as such we here at Silverbeam Home just want to remind you it is crucial to find things around the house to do. 

So you have cleaned behind the stove, eaten all the food and watched all the Netflix, what do you do now? How about doing some redecorating? If you don’t have the means to actually do this in your home you can have some fun doing it virtually. As as we touch on virtually, think of all the virtual things you can get done – try traveling the globe, visiting art galleries and enjoying tours of a variety of places from the comfort of your living room. 

Paint Your Room Virtually

Check out a variety of color schemes and try them out in your home. You will find that many websites now allow you to upload a picture of your room that allows you to see what color would like on your wall. Check out the Benjamin Moore Color Portfolio in the AppStore to see how different color palettes will look. When you upload your picture, with just the spin of a wheel and you will see your room in the color of your choice. 

Take a Trip to the Most Celebrated Paris Gallery 

You can virtually explore the Louvre. Just visit www.louvre.fr where you can take a look at beautiful works of art. While you are there, check out the Egyptian wing and view the Galerie d’Apollon. You can also take a look at the “Mona Lisa” thanks to the Mona Lisa App. 

Get some Design Inspiration

If you go to www.virtualmuseum.ca to see the Partners in Design exhibit. You will find a number of objects that you can explore that connect with daily life from both the present as well as from the past. You will find all kinds of things from kettles, clocks, toaster sand Inuit paintings. It could really add up to be a fascinating day exploring from your bed. 

Visit an Aquarium 

You can take a virtual visit to the Ripley’s Aquarium of Canada and imagine swimming with the sharks. Explore the waters of the deep via their live “Shark Cam.” For an even life-like experience stream it to your TV screen and transform your entire living room into an undersea lair. 

Cook Up Some Fun

home sanity tips

Instead of eating the same things every week, why not try some new recipes. Follow the Instagram pages and youtube channels of celebrity chefs or other aspiring chefs receiving motivation from the lockdown. You are sure to find fun and quick recipes that utilize ingredients you already have in your kitchen. 

Become Your Home’s Personal Bartender

Check out again, Instagram pages, Pinterest, and more to find great mixes to get yourself a tasty cocktail. Try your hand at creating your own and share this with the world, why not become a trendsetter yourself after all? 

Travel and Immerse 

There are so many places you could travel to virtually, get comfortable with your favorite beverage, maybe one you made above and immerse yourself into the culture of another nation. Go see the Northern Lights, Glide through the waterways of Venice. Whatever you’ve been dreaming of doing, do it virtually. 

View Available Properties

Visit realtor.ca and view the “open house” tab. Here you will find a number of properties providing virtual tours and visits. They also have a “living room” blog where you can find out more. Even if you are not planning on buying or moving this can give you inspiration on things you can change in your own space. Best of all, there are no costs involved. 

Don’t let the lockdowns all over the glove have you feeling down. Yes, these are serious times, but if you are staying safe, we want to help you stay safe mentally and emotionally as well. Live your biggest dreams at home thanks to the many virtual options you have available at your fingertips. How have you kept your sanity while in lockdown? We’d love to hear it in the comments below. 

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BevonyTips on Keeping Your Sanity While at Home

Refresh Your Bathroom with these Five Quick Tips

by Bevony on April 15, 2020 No comments

Over time your home starts to feel a little drab. Renovations can be extremely expensive so you cant decide to gut the entire house. What you can do is pick a room and make some simple changes to refresh the space. Today we want to look at how you can refresh your bathroom. Keep reading for five ways you can bring new life to your bathroom. Come back next week so we can help you refresh another room in your home.

Get Rid of Some Stuff

This is good advice for refreshing any space in your home. The first thing you always want to do is to clear out. This part is not exciting, at least not until you see the space you are working with. This is especially true if you have a lot of clutter in your space. While the task can be hard and you can find it frustrating to choose which items to let go of you can make it easier. Just think about the treat it will be when you get to go out and purchase new stuff. 

Bathroom design tips

You don’t have to do this task all at once. You can set aside 15 minutes every day where you go into your bathroom and commit to removing items that are no longer needed. Think about the last time you used an item and let that guide you into what can be cleared out.

Choose a Shower Curtain

In most bathrooms, the shower curtain is what stands out the most. As such changing out your shower curtain will make a big impact on the look and feel of your bathroom. Choose your colors and patterns based on the feel you want to get from your bathroom. If you want a zen-like, spa feeling then you want to go for colors and prints that are relaxing and soothing. If you want your bathroom to be vibrant then you obviously go the opposite route. If you want to increase storage you can opt for a shower curtain with pockets.

Change Your Soap Dispenser

When changing your soap dispenser, you don’t have to worry about it matching your shower curtain. You can choose to have your soap dispenser, toothbrush holder and soap dish in a contrasting color to the rest of the items in your bathroom. You have the option of choosing a natural element such as stone, or wood if you are going with a relaxed zen-like bathroom.

Choosing New Towels

Worn out towels can make your bathroom seem drab and downright depressing. The simple task of changing towels can lift your bathroom immensely. Towels are quite inexpensive so you can get a brand new set of towels of various prices without completely ruining your budget. Whether you choose colored towels or a crisp white, you can’t go wrong with new good quality towels.

Sustainable Fixtures

You will find that most interior designers place their main focus on lighting no matter what room in the house they are focusing on. Lighting can have a very significant impact on space within your home. What type of lights do you prefer or what types of light will fulfill the purpose of your room? Do you do your makeup in the bathroom or do you simply shower and use the toilet and leave? All of these need to be considered when choosing a type of light.  Remember you can find lighting solutions that offer dimming features so you can relax and wind down at the end of the day and will also allow you the opportunity to have bright lights when you need them to get ready. 

If you change your lighting fixtures you should try to get more energy-efficient ones. Consider LED lighting options and you can apply this principle to your faucets as well as your showerheads. Both these endeavors will not only refresh the look of your bathroom but will also help to reduce your electricity and water bills as well.

And there you have it, our five quick tips for refreshing your bathroom without renovation. Do you have any tips or tricks on how to refresh your space? Share them in the comments section below.

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BevonyRefresh Your Bathroom with these Five Quick Tips

The Current Condo Insurance Crisis

by Bevony on April 8, 2020 No comments
Condo Insurance Crisis

British Columbia owners of Condos and Townhomes are seeing a crisis with some insurers pulling out of the market. Those that remain are hiking up their prices. In a bid to address the problem, the relevant authorities recently held an online meeting. The meeting lasted for 4 hours and addressed the crisis that is facing BC stratas regarding building insurance. Condo owners are seeing the price of insurance increases, as well as insurance options, are simply disappearing. Meeting attendees came from various sectors of the market. They included officials from real estate, insurance, government along with other businesses and other stakeholders. The meeting took place online in light of the current COVID-19 crises. 

One-third of the residents in British Columbia live in townhouses or condos. They are faced with this crisis of wether their building will be able to find insurance. There is also the problem of affording the premiums when they do find an insurer. This along with the COVID-19 pandemic is putting a lot of stress on the residents.

Don Forgeron, the CEO of the Insurance Bureau of Canada noted that it is unfortunate that no immediate relief could be reached. The Insurance Bureau of Canada noted that this crisis did not just occur overnight. They also note they have made recommendations to both the stratas and the government. However, currently, time is necessary to bring forth the required change. They note these measures will provide help in the future. They are also, hoping for spillover into the short term and medium term. The impact of these changes for right now is hard to measure or predict.

Horror Stories from Residents

Over the last few months of 2020, residents have shared a number of horror stories. With approximately 1.5 million British Columbians calling strata corporations their home, a large majority. Residents told stories of increases of up to 400% in their insurance fees. They also noted a staggering increase in deductibles. We heard stories of buildings only receiving partial policies and in some cases, while some received no policies at all. 

British Columbia is not the only province in Canada that suffered a hit. Notably, though, it is the one that has taken the hardest hit. This is because of the large number of stratas that are contained in British Columbia. Factors that affect this include;

  • Where the stratas are built
  • The standards to which the stratas are built
  • Type of construction used for the buildings
  • British Columbia’s risk of earthquakes

These factors make this a bigger problem for British Columbia than that of other provinces.

One metro Vancouver condo owner of 16 years shared her story. Her building’s insurer notes they will not be renewing the policy. Because of this, her strata council will have to find a new insurer. As she lives on a fixed income, this owner is fearful of any increase to her fees that may arise from the strata finding new insurance. 

Many residents are facing similar issues and they are looking to the government for protection. We are all looking for concrete action from the government. It is expected that more stratas will start experiencing these problems as the future unfolds. As a result, there are more people paying attention to the details of this conversation.

Recommendations from the Insurance Bureau of Canada

  • Making education for risk mitigation mandatory for strata councils 
  • Amending building codes to prevent extensive water damage with the mandatory installation of leak detection devices
  • Passing legislation to avert Stratas from deferring depreciation reports
  • Prevent strata from putting off long-term maintenance with proper legislation
  • Make definitions in the Strata Property Act to define a “standard strata”
  • Make it clear in the Strata Property Act what damages are the responsibility of the strata lot owners separate from those of the strata council

Current Measures to Address the Crisis

The Minister of Finance, Carole James, noted that they are in the process of exploring ways to address the crisis. A spokesperson from the ministry further tells how discussions are underway with the Insurance Bureau of Canada. The main focus of these discussions is to ultimately make strata insurance costs more affordable.

The BC Financial Services Authority is the insurance regulator for the province. They are continually gathering data on the rate hikes and average increases across the province. They intend to determine how many of the 300 British Columbia insurance companies have stopped offering services to condos and townhouses.

This also affects renters of townhouses and condos as their landlords may have to pass the increases to them. Forgeron notes that no one should be forced from their homes because of these insurance issues. As such they are motivated for a solution to be found and implemented soon. We hope that the changes made will attract insurers to come back to the BC market. We hope that with demand taken care of, the cost of insurance will fall to more affordable prices.

The matter is indeed urgent and we can only hope that the government will heed the recommendations of the Insurance Bureau. We hope the necessary changes will be made to help keep BC residents in their homes.

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BevonyThe Current Condo Insurance Crisis