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Aug. 13, 2020

Interim report from the Insurance Bureau of Canada on Strata Insurance

CHBA BC

CHBA BC participated in a strata insurance roundtable on March 17 that was hosted by the Insurance Bureau of Canada (IBC). This roundtable included representatives from the insurance industry, condominium/strata corporations, small businesses, trucking stakeholders, real estate, construction and risk experts to examine the causes and effects of the hardening commercial markets that are forming across the country.

This midterm report covers some of the proposed solutions to this complex issue. It is provided for member reference and is not an endorsement of its contents. CHBA BC continues to engage with the IBC, BC Financial Services Authority and other stakeholders on this important issue, and to ensure strata insurance is not a barrier to homeownership.

You can read the full report here.

Safe Work Practices in Residential Construction

WorkSafeBC

WorkSafeBC has recently provided an updated publication that provides information on working safely on residential construction sites, with a focus on the three main phases: planning, site preparation, and construction. Other safety topics include working at elevation, and tool and equipment safety.

Builders, prime contractors, employers, workers, and homeowners will find information about their roles and responsibilities, and safe work practices.

This publication replaces the previous version, Safe Work Practices for House Construction.

You can find the publication here.

BC Housing July New Homes Registry Report

BC Housing

BC Housing has announced in their July New Homes Registry Report that after two months of low enrollments, multi-unit buildings enrolled in-home warranty insurance saw a healthy increase, only slightly below the 5-year average.

You can find the rest of the report here.

SPONSOR SPOTLIGHT

Members receive a 25% discount on registration of CHBA BC courses. Join CHBA today!

Upcoming CHBA BC Courses

Course: Financial Management via WEBINAR – x CPD points
Date: September 26, 2020
Deadline: August 30, 2020

Course: Financial Management via WEBINAR
Date: September 26, 2020
Deadline: August 30, 2020

CRA launches updated CEWS calculator ahead of applications opening Monday

Times Colonist

The federal government has launched an updated calculator to help employers estimate what help they might receive from the next phase of the Canada Emergency Wage Subsidy.

The calculator opened Tuesday on the CEWS website ahead of the opening of applications next Monday. You can find the calculator here.

You can read the rest of the article here.

Finance Minister Morneau announces Canada Emergency Commercial Rent Assistance (CECRA) Extension

Government of Canada

Finance Minister Bill Morneau announced that the CECRA will be extended by another month to cover eligible small business rents for August. Those who qualified for the CECRA based on existing program parameters will be able to apply soon for the additional one month based on having a 70 per cent revenue decline for April, May and June, without reassessing whether they continue to have a 70 per cent revenue decline in July or August.

Participation in the one-month extension is voluntary. Both existing applicants to the CECRA and new applicants are able to opt for the August rent reduction. This program is designed to support businesses that have been hit hard by the pandemic while encouraging them to reopen when possible.

Existing applicants need to reapply for the month of August and have until September 14, 2020 to do so. New applicants have the choice of applying for the three-month initial period, four months or five months, but need to do so by the original date of August 31, 2020.

Provincial Update

Connect with the Canadian Home Builders' Association of BC

Dennis Hall, Director of Publishing, MultiView, 469-420-2656 | Download media kit
Oliver Kirby, Sr. Content Editor, 289-695-5401 | Contribute news

Canadian Home Builders' Association of British Columbia
400-6400 Roberts Street, Burnaby, BC V5G 4C9 | 604.432.7112 | Contact Us | www.chbabc.org

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