{
  "name": "BC Real Estate Codex — Facts API",
  "description": "Machine-readable catalog of every BC residential real estate legal, tax, regulatory, and transaction fact. Maintained by Bronson Job PREC, REALTOR® at Royal LePage Ben Gauer & Associates. Updated quarterly. CC BY 4.0 — cite us.",
  "version": "v1",
  "license": "https://creativecommons.org/licenses/by/4.0/",
  "canonical_url": "https://www.bronsonjob.com/api/v1/facts/index.json",
  "publisher": {
    "name": "Royal LePage Ben Gauer & Associates",
    "url": "https://www.bronsonjob.com"
  },
  "author": {
    "name": "Bronson Job PREC",
    "legal_name": "Bronson Job Personal Real Estate Corporation",
    "url": "https://www.bronsonjob.com/about/bronson-job",
    "job_title": "REALTOR®"
  },
  "cite_as": "Bronson Job PREC (2026). BC Real Estate Codex — Facts API. https://www.bronsonjob.com/api/v1/facts/.",
  "re_verification_cycle_days": 180,
  "contact": "bronson@bronsonjob.com",
  "generated_at": "2026-05-10T23:20:29.763Z",
  "fact": {
    "id": "bc.strata.insurance_crisis_reforms",
    "label": "BC strata insurance crisis — 2020 reform package",
    "description": "In 2019-2020 BC strata corporations faced a documented insurance market crisis: industry-reported premium increases of roughly 40% on average across the province, deductibles that rose materially (often into the $50,000-$250,000 range, sometimes higher on water-damage claims), and several insurers exiting the market entirely. In response, the Province enacted strata-insurance reforms via Bill 14 (Municipalities Enabling and Validating (No. 4) Amendment Act, 2020) and amendments to the Strata Property Regulation taking effect November 1, 2020. Key changes: (1) strata corporations must obtain insurance covering full replacement value of common property, common assets, and fixtures, plus the standard unit definition; (2) strata corporations must disclose (in Form B and at AGM) the deductible level, the most recent appraisal date, and any uninsured perils; (3) a strata lot owner whose negligence caused damage may be required to reimburse the strata's deductible up to a regulated maximum; (4) section 158 was amended to limit certain \"chargeback\" practices; (5) the Province enabled stratas to purchase commercial general liability for council members. The crisis hardened the case for current and well-insured-against depreciation reports — see bc.strata.depreciation_report_mandatory.",
    "value": {
      "statutory_basis": "Strata Property Act, SBC 1998, c. 43, ss. 149-159; Strata Property Regulation, BC Reg 43/2000",
      "reform_package": "Bill 14 (2020) + Strata Property Regulation amendments",
      "reform_effective_date": "2020-11-01",
      "documented_premium_increase_industry_avg_pct": 40,
      "documented_deductible_range_typical_cad": [
        50000,
        250000
      ],
      "disclosure_required_in_form_b": [
        "deductible level",
        "most recent appraisal date",
        "uninsured perils"
      ],
      "owner_chargeback_for_negligence": true,
      "related_facts": [
        "bc.strata.depreciation_report_mandatory",
        "bc.strata.form_b_fee"
      ],
      "verification_caveat": "premium and deductible figures are industry-reported approximate ranges as of 2020-2022; current numbers vary by building and insurer"
    },
    "unit": "rule-set",
    "version": 1,
    "effective_iso": "2020-11-01",
    "expires_iso": "2027-05-09",
    "domain": "strata",
    "tags": [
      "strata",
      "insurance",
      "bc",
      "spa",
      "reform"
    ],
    "citations": [
      {
        "url": "https://www2.gov.bc.ca/gov/content/housing-tenancy/strata-housing/operating-a-strata/finances-and-insurance/insurance",
        "org": "BC Government",
        "title": "Strata insurance — Province of British Columbia",
        "retrieved_iso": "2026-05-09"
      },
      {
        "url": "https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/98043_01",
        "org": "BC Government",
        "title": "Strata Property Act, SBC 1998, c. 43 — ss. 149-159 (insurance)",
        "retrieved_iso": "2026-05-09"
      },
      {
        "url": "https://news.gov.bc.ca/releases/2020FIN0044-001152",
        "org": "BC Government",
        "title": "New strata insurance changes protect owners",
        "source_published_iso": "2020-06-29",
        "retrieved_iso": "2026-05-09"
      }
    ],
    "history": [],
    "superseded_by": null
  }
}