According to a new report from Deloitte Canada, British Columbia will weather the economic turmoil of COVID-19 better than all other provinces.  “The B.C. economy will be the outperformer, posting the mildest downturn and returning to pre-COVID levels the quickest,” Deloitte Canada chief economist Craig Alexander wrote in a June 25 outlook. 
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The BC government is taking its first steps to mitigate soaring strata insurance costs by introducing a bill to amend the Strata Property Act and Financial Institutions Act. 

The government wants to make the strata insurance industry more transparent, close depreciation report loopholes, and end referral fees paid to property managers, while giving strata councils more tools to deal with insurance.   READ MORE HERE