Blog by Andrew Peck

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"What is a 'bandage repair' on a condo?"

"What is a 'bandage repair' on a condo?" 

"What is a "bandage repair" on a condo? Another realtor told me it's a step down from rain screening, but what exactly is it and how reliable is the repair?"

Also known as a patch repair, it means that rather than removing the whole building exterior and replacing it, they identify the areas where there is rot and only repair those areas, that is to say patch up but don't replace all. I would only say it is okay if the engineer to do this repair and that they have signed off. Generally there won't be a warranty on this type of repair as they can't know if there is other rot waiting to appear under the same sheathing. The Home Owner Protection Office HPO governs these types of repairs and now have some specific requirements commencing these types of repairs particularly if the owners are seeking government funded loans to pay for the repairs. You can get further information on the HPO website at http://www.hpo.bc.ca/Consumer/Repairs.php

You should not give an assessment of whether a patch repair is okay or not.

Is our housing market at risk?

May 31st, 2017
Is our housing market at risk? Today, the International Monetary Fund reported that Canadian households are highly indebted and housing affordability, particularly in Vancouver and Toron...Click here to read more detail about 'Is our housing market at risk?'

Moving towards a National Housing Strategy

May 1st, 2017
Moving towards a National Housing Strategy The Canadian Real Estate Association and its member real estate boards and associations across Canada have long advocated for better access to ...Click here to read more detail about 'Moving towards a National Housing Strategy'

What are the key challenges we face as a profession?

February 18th, 2016
What are the key challenges we face as a profession? If someone were to ask me what one characteristic Realtors® share, I'd say - adaptability.  Take a minute and think about i...Click here to read more detail about 'What are the key challenges we face as a profession?'

Will a luxury or speculation tax create more affordable housing?

February 2nd, 2016
Will a luxury or speculation tax create more affordable housing? In the last month, both the Mayor of Vancouver and economists from the University of British Columbia and Simon Fraser Un...Click here to read more detail about 'Will a luxury or speculation tax create more affordable housing?'