Category: Strata

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ELECTRICAL PLANNING Report by Dec 2028

Estimated reading time: 3 minutes

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Key Takeaways

  • All strata corporations with 5 or more lots must complete an Electrical Planning Report by December 31, 2028.
  • A qualified electrical professional must conduct the report, funded by the Contingency Reserve Fund
  • Strata corporations will vote at the AGM to approve the funds for the EPR, requiring a 3/4 vote majority.
  • The introduction of the EPR responds to increased power demands and the need for high-speed EV charging stations.
  • Future planning reports may focus on plumbing and water supply concerns.
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Where are the BENCHLANDS in Whistler?

Estimated reading time: 4 minutes

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Key Takeaways

  • The Benchlands is a developed area in Whistler, aimed at tourist accommodation since the eighties.
  • It consists of Benchlands North and South, with North zoning primarily for tourist rentals, except Horstman Estates.
  • Free year-round bus service connects the Benchlands to Whistler Village and ski slopes, enhancing accessibility for tourists.
  • The South features mixed developments, including tourist accommodations and other land uses, with recent updates to transportation infrastructure.
  • Marion Anderson offers real estate assistance in the area for interested buyers.
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What is the purpose of the DEPRECIATION REPORT?

Estimated reading time: 4 minutes

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Key Takeaways

  • As of July 1, 2024, all strata corporations in B.C. must obtain a Depreciation Report, renewing it every 5 years.
  • The Depreciation Report helps project maintenance costs for 30 years and assists owners in future financial planning.
  • Buyers focus on whether the Contingency Reserve Fund can cover necessary repairs identified in the Depreciation Report.
  • Understanding the Depreciation Report involves checking the short-term financial model and ensuring alignment with strata bylaws.
  • A draft Depreciation Report is less reliable than a final version; assess the strata’s budget and current contributions for insights.
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Who discloses UNAUTHORIZED space?

Estimated reading time: 4 minutes

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Key Takeaways

  • Unauthorized accommodation in Whistler refers to rental suites not included in the original building plans, posing risks for buyers.
  • Sellers must disclose unauthorized accommodation as a Material Latent Defect, affecting liability and property value.
  • The listing realtor must provide a Realtor Material Latent Defect document disclosing any defect that may affect the value of the property to the buyer.
  • The RMOW requires permits for properties with unauthorized accommodation, especially for nightly rentals.
  • Buyers should carefully evaluate properties with unauthorized accommodation and understand the legal implications.
  • Consulting an experienced Whistler realtor is crucial when navigating properties with unauthorized accommodation.
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