A major community investment is underway in Port Coquitlam as construction begins on the new Hazel Trembath Elementary.

After the devastating fire that destroyed the school in October 2023, families and the surrounding community have been waiting for the return of a permanent neighbourhood school. That wait is now moving toward a finish line, with construction officially underway and a December 2027 opening currently expected.

A New School Designed for 240 Students

The replacement Hazel Trembath Elementary will provide 240 student spaces, helping ensure the community has a modern school designed to serve local families for years to come.

The new school will include:

• 2 kindergarten classrooms

• 8 elementary classrooms

• A learning centre designed to accommodate future childcare spaces

• Modern, energy-efficient systems

• EV charging infrastructure

The project represents an investment of nearly $39 million.

A First for B.C.

One of the most interesting aspects of the project isn't immediately visible in the architectural rendering.

Hazel Trembath will be the first school project in British Columbia to use a hybrid construction approach.

Much of the school will be constructed using prefabricated components, while areas such as the gymnasium will use conventional construction methods.

Why does that matter?

The hybrid approach is intended to speed up construction and get students back into their community school sooner than would be possible through a traditional construction approach alone.

For a neighbourhood that has been without its school since the 2023 fire, that timeline is particularly significant.

More Than Just a School

Hazel Trembath has long been an important part of the surrounding community.

A school isn't simply a building where children spend their weekdays. It becomes part of the fabric of a neighbourhood—where children make friends, families connect and generations of residents share experiences.

The replacement school is therefore about more than replacing a building. It represents the return of an important community gathering place.

Part of a Larger Investment in Local Schools

The Hazel Trembath project is also part of a broader investment in schools throughout Coquitlam School District 43.

Since 2017, the provincial government has invested in 11 capital projects within the district. Eight have been completed, while three major projects are currently underway:

🏫 Hazel Trembath Elementary replacement
🏫 Seismic replacement of Montgomery Middle School
🏫 New Burke Mountain Secondary School, also expected to open in 2027

For families living in Port Coquitlam and the surrounding Tri-Cities, these projects are important pieces of the community's ongoing growth.

What This Means for Port Coquitlam

Port Coquitlam continues to evolve, with new housing, infrastructure, schools and community amenities changing the landscape for local families.

For people considering a move to the area, understanding what is being built, where it is being built and when it is expected to be completed can be just as important as looking at today's real estate listings.

The new Hazel Trembath Elementary is a great example of why looking beyond the property itself can provide a better picture of a neighbourhood's future.

📅 Expected opening: December 2027
📍 Location: 1278 Confederation Drive, Port Coquitlam
💰 Project investment: Nearly $39 million
👧 Student capacity: 240

Thinking About Making a Move in Port Coquitlam?

Whether you're considering buying your first home, moving your family or selling a property, local development and infrastructure can be important factors to understand.

I regularly follow what's happening across Port Coquitlam and the Tri-Cities, so my clients can make informed decisions based on more than just what is happening in today's market.

Thinking about buying or selling? Let's talk about what is happening in your neighbourhood. 🏡

Tara Kennedy
REALTOR®, ABR, RENE, SRS
📱 236-992-8989
🌐 TaraKennedy.ca

Sources: Government of British Columbia, Coquitlam School District 43 and Global News.

If you’re comparing communities in the Tri-Cities, there’s another number worth putting on your list alongside home prices, mortgage rates and monthly housing costs:

Property taxes and utilities.

And when it comes to that measure, Port Coquitlam stands out.

According to the City of Port Coquitlam’s 2025 comparison of municipal property taxes and utilities across Metro Vancouver’s 21 municipalities, Port Coquitlam had the lowest combined amount in the region at $4,373 for the year.

The regional average was $6,368.

That puts the average Port Coquitlam amount approximately $1,995 below the regional average.

How Does PoCo Compare?

Here’s how several Tri-Cities and surrounding communities compared in 2025:

The difference becomes particularly noticeable when comparing Port Coquitlam with some of the region's higher-cost municipalities.

The average figure for West Vancouver, for example, was $9,258 — more than $4,800 higher than Port Coquitlam's $4,373.

This Isn't Just a One-Year Difference

What makes the comparison particularly interesting is the longer-term trend.

Between 2021 and 2025, the City reports that taxes and utilities for the average Port Coquitlam property increased by approximately 24%, compared with 39% for the Metro Vancouver average.

So while costs have increased, Port Coquitlam's increases have remained below the regional average.

How Is Port Coquitlam Keeping Costs Lower?

The City says its approach has included line-by-line budget reviews, department efficiencies, deferring non-critical spending, selective use of reserves and surplus funds, leveraging provincial and federal grants, and generating tax revenue through new development.

The City's 2026 budget continues that approach.

For 2026, Port Coquitlam approved a 1.95% increase in municipal property taxes for the average home, described by the City as one of the lowest increases in Metro Vancouver.

For the average home assessed at $1,126,339, that represents an increase of approximately $45.34 in municipal property taxes.

It's also worth noting that the City does not control every cost appearing on a homeowner's bill. For example, the majority of the 2026 increases in water and sewer charges are attributed to increased costs from Metro Vancouver and other external providers.

What Does This Mean for Homeowners?

This is where the numbers become particularly relevant for anyone considering where to buy.

The purchase price of a home is only one part of the cost of homeownership.

A homeowner also needs to consider:

• Mortgage payments

• Property taxes

• Water and sewer costs

• Insurance

• Utilities

• Maintenance and repairs

• Transportation costs

A community with lower municipal taxes and utility costs can therefore have an impact on the ongoing cost of owning a home.

For buyers comparing Port Coquitlam, Coquitlam and Port Moody, this is one more factor worth putting into the equation.

One Important Qualification

There is an important distinction between the figures above and the total property tax bill a homeowner receives.

A municipal property tax bill includes amounts collected on behalf of other organizations, including the Province, school system, Metro Vancouver, TransLink and other agencies. Those amounts are not all controlled by the municipality.

Your actual tax bill will also depend on your property's assessed value and how that value changes relative to other properties in the same class.

In other words, $4,373 is a regional comparison figure — not a prediction of what every Port Coquitlam homeowner will personally pay.

The Bigger Picture

For people already living in Port Coquitlam, the numbers provide an interesting measure of how the community compares with its neighbours.

For people considering buying here, it's another piece of the affordability puzzle.

Port Coquitlam offers something that can be difficult to find in Metro Vancouver: a community where municipal taxes and utilities have historically remained below the regional average, while the City continues to provide services such as parks, recreation, roads, public safety, waste collection and infrastructure.

And in a region where the cost of homeownership continues to be an important consideration, the cost of owning a home doesn't stop at the purchase price.

Sometimes, the numbers behind the monthly and annual costs tell an equally important story.

Thinking of making a move?

Whether you’re considering buying in Port Coquitlam, comparing communities across the Tri-Cities, or thinking about selling your current home, understanding the full cost of homeownership matters.

Thinking about buying or selling? Let’s talk! ✨🏡

📞 Tara Kennedy
🏡 REALTOR®, ABR, RENE, SRS
📱 236-992-8989
🌐 www.tarakennedy.ca

Sources: City of Port Coquitlam 2025–2026 financial plan and tax information; municipal comparison data published by the City of Port Coquitlam based on regional municipal tax and utility figures.

#PortCoquitlam #PoCo #TriCitiesBC #PortCoquitlamRealEstate #TriCitiesRealEstate #BCRealEstate #HomeOwnership #RealEstateBC #PropertyTaxes #HomeBuyers #LowerMainlandRealEstate #LiveInPoCo #TaraKennedy #TaraKennedyRealEstate #RoyalLePageWestRealEstateServices #TaraKennedyRealtor

Buying or selling a home is one of the most significant financial decisions most people will make. Every stage of homeownership comes with different opportunities, challenges, and considerations. Understanding what to expect can help you make informed decisions and avoid costly mistakes.

🏡 First Time Home Buyers: Building a Strong Foundation

Purchasing your first home is exciting, but it can also feel overwhelming. Between understanding mortgage options, saving for a down payment, navigating inspections, and writing competitive offers, there is a lot to learn.

First time buyers should take the time to understand their budget, financing options, closing costs, and the responsibilities that come with homeownership. Government incentives and rebates may also be available, making it an excellent time to explore your options. Having an experienced REALTOR® by your side ensures you have someone to explain each step of the process and advocate for your best interests.

🌎 New Canadians: Making Canada Feel Like Home

Purchasing a home is an important milestone for many newcomers to Canada. While the process may be different from what you're familiar with, homeownership remains an achievable goal with the right guidance.

Understanding Canadian mortgage qualifications, credit history requirements, legal processes, and local market conditions can help you make informed decisions. Building the right team of professionals, including a mortgage specialist, lawyer, and REALTOR®, can make your transition into homeownership much smoother.

📈 Move Up Buyers: When Your Home No Longer Fits Your Lifestyle

Life changes. Families grow, careers evolve, and housing needs often change along the way.

Moving to your next home requires more than simply selling one property and buying another. Timing, financing, equity, market conditions, and negotiating both transactions successfully all play an important role. Developing a well-planned strategy can help reduce stress while maximizing the value of your current home and securing the right next property.

🏠 Downsizing & Retirement Planning: Simplifying Your Next Chapter

Downsizing isn't about giving something up. It's about creating a lifestyle that better fits your future.

Whether you're looking to reduce maintenance, unlock equity, move closer to family, or enjoy a more convenient lifestyle, careful planning is essential. Understanding housing options, tax implications, moving timelines, and long-term goals can help make this transition a positive experience.

🤝 Professional Guidance From Start to Finish

Real estate is much more than showing homes and writing contracts.

A knowledgeable REALTOR® provides market analysis, pricing strategies, skilled negotiation, risk management, professional referrals, and ongoing communication throughout the entire process. Having an experienced advocate helps ensure your interests remain protected from your first consultation through possession day and beyond.

📊 Real Estate Investing: Building Long Term Wealth

Real estate has long been considered one of the most effective ways to build wealth over time. Whether you're purchasing your first investment property or expanding an existing portfolio, every investment should begin with a clear strategy.

Understanding rental demand, cash flow, financing options, appreciation potential, maintenance costs, and local market trends allows investors to make informed decisions that align with their financial goals. A successful investment is not simply about buying property. It's about buying the right property.

Every Journey Deserves the Right Advice

There is no one size fits all approach to real estate. Every client has unique goals, circumstances, and priorities. My commitment is to provide honest advice, local expertise, and personalized guidance so you can make confident decisions, no matter where you are in your homeownership journey.

If you're considering buying, selling, investing, or simply have questions about today's market, I'm always happy to help you understand your options and develop a strategy that works for you.

Tara Kennedy

REALTOR®, ABR, RENE, SRS

236-992-8989

www.tarakennedy.ca

Because every chapter deserves the right place to call home.

#TriCitiesBC #PortCoquitlam #Coquitlam #PortMoody #GreaterVancouverRealEstate #FirstTimeHomeBuyer #MoveUpBuyer #Downsizing #NewCanadians #RealEstateInvestor #HomeOwnership #RoyalLePage #BCRealEstate #TaraKennedyRealtor #YourHomeownershipPartner #RoyalLePageWestRealEstateServices #TaraKennedy #HomeSweetHome

⚽ You inspired a country - today wasn't the result Canadians were hoping for, but our Men's National Team gave us something far greater than a scoreline. They showed heart, resilience, and the belief that Canada belongs on the world's biggest stage.❤️

🫶🏻 A huge thank you to every player and to Coach Jesse Marsch for your leadership, passion, and commitment. You united Canadians from coast to coast, gave young athletes heroes to look up to, and made us proud to wear the maple leaf. 🍁✨

This isn't the end of the story ... it's another chapter in the rise of Canadian soccer. The future is bright, and we'll be cheering you on every step of the way. ⭐️✨⭐️

❤️🤍❤️ Forever 🇨🇦

#CanMNT #TeamCanada #ProudCanadian #CanadaSoccer
#CanadaProud #TrueNorthStrong #WeAreCanada #GoCanadaGo #CanadianPride #MapleLeaf #CanadaStrong #ProudlyCanadian #CanadianSpirit #FIFA #FIFAWorldCup2026 #FIFA

I recently had the pleasure of participating in CIBC’s Plan for Retirement and Life | Buying Your First Home | Everyday Banking Open House. It was a fantastic opportunity to connect with members of our community, answer questions about today’s real estate market, and share valuable insights to help make the home buying journey feel a little less overwhelming 😊

🏠 First-Time Home Buying: A Big Milestone

Buying your first home is one of life’s most exciting milestones—but it can also feel like one of the most complex. That’s why having the right guidance and information early on can make all the difference.

From understanding down payment requirements 💰 and exploring government incentive programs 📋, to learning each step of the buying process 🗝️, my goal is always to help buyers feel informed, confident, and excited as they move toward homeownership.

🤝 A Community Effort

A heartfelt thank you to the incredible CIBC team for hosting such a well-organized and impactful event. Bringing together mortgage specialists, financial advisors, legal professionals, and real estate expertise all under one roof creates a powerful support system for future homeowners.

It was inspiring to meet so many individuals and families actively planning for their future and taking steps toward achieving their homeownership goals 💙

✨ Here When You Need Guidance

Whether you’re:

• Just starting to think about buying your first home

• New to Canada and navigating the housing market

• Or simply have questions about current market conditions

I’m always happy to help and would love to be part of your journey.

📞 Let’s Connect

Tara Kennedy
🏡 REALTOR® | ABR | RENE | SRS
📱 236-992-8989
🌐 www.TaraKennedy.ca

💬 Have questions about buying your first home? Send me a message—I’d love to chat!

#FirstTimeHomeBuyer #HomeOwnership #HomeBuyingTips #FirstHomeBC #TriCitiesRealEstate #BCRealEstate #MoveToBC #PortCoquitlamHomes #CoquitlamHomes #PortMoodyHomes #NewHomeJourney #RoyalLePageWestRealEstateServices #TaraKennedy #CIBC #TaraKennedyRealtor #AskTaraKennedy #TrustedRealtor #HomesWithTaraKennedy #HomeSweetHome

🇨🇦 Honouring the Birth of a Great Nation 🇨🇦

Every year on July 1st, Canadians come together to celebrate Canada Day—a day that marks the birth of our nation and the proud journey we have taken as a people. But beyond the festivities, this date carries deep historical significance that every Canadian should know.

The Foundation of Confederation

On July 1, 1867, the British North America Act—now known as the Constitution Act, 1867—came into effect. This historic legislation officially united three separate colonies into a single federal dominion called the Dominion of Canada. 🏛️📜

The colonies that joined together were:

• The Province of Canada (which was subsequently divided into Ontario and Quebec)

• Nova Scotia

• New Brunswick

This was the moment that laid the groundwork for the Canada we know today—a vast, strong, and prosperous nation stretching from coast to coast to coast. 🌍🇨🇦

From Four Provinces to a Nation

At Confederation, Canada began with just four provinces. Over time, through vision, determination, and a shared sense of purpose, the country expanded. Other colonies and territories joined the fold, gradually building the second-largest country in the world. 🤝🍁

That first step in 1867 was built on principles of unity, cooperation, and mutual respect—values that continue to define us as Canadians.

Dominion Day Becomes Canada Day

For nearly a century, July 1st was celebrated as "Dominion Day." 📅 It wasn't until a pivotal moment in our history—October 27, 1982—that the holiday was officially renamed Canada Day. ✅

Why 1982? That was the same year Canada achieved a landmark milestone: the patriation of our Constitution from the United Kingdom. For the first time, Canada had full legal sovereignty over its own founding document, cementing its place as a fully independent nation. 🏅📝

Key Milestones on the Road to Independence

Canada's journey to full sovereignty was gradual but significant. Two key moments stand out:

• 1931 – The Statute of Westminster ⚖️
  This act granted Canada legislative independence from the British Parliament, allowing our government to make its own laws without approval from London.

• 1982 – Patriation of the Constitution 🗽✨
  This final step gave Canada complete control over its supreme law and enshrined the Canadian Charter of Rights and Freedoms—a cornerstone of our democracy.

A Day of Pride and Reflection

From a small collection of colonies to a sovereign nation standing tall on the world stage, Canada's history is one of steady growth, resilience, and unwavering pride. 💪📈

July 1st is our day—a day to honour:

• ❤️ The vision of our founders

• 🏛️ The strength of our institutions

• 🍁 The enduring spirit of our people

Celebrate Our Nation

Happy Canada Day to all! 🎉🎆🇨🇦

Let us celebrate who we are, what we have built, and all we have become. From sea to sea, we stand united—proud Canadians, proud of our history, and proud of our future.

— Written with pride on July 1st, 2026

#CanadaDay #July1 #CanadianPride #ProudCanadian #Confederation #OurNation #CanadaHistory

Buying your first home is one of the most exciting milestones in life—but it can also feel overwhelming. From understanding mortgage qualifications and saving for a down payment to navigating today's real estate market, there is a lot to learn before taking that first step.

That's why we are inviting aspiring homeowners to attend our FREE Home Buying Seminar and Open House on June 29th at CIBC in Port Coquitlam.

Learn From Local Industry Professionals

Throughout the day, attendees will have the opportunity to meet with experienced professionals who specialize in every stage of the home-buying process.

Mortgage Insights with John Fletcher, Mortgage Advisor

One of the biggest questions first-time buyers have is, "How much home can I afford?"

John Fletcher will provide valuable insights into:

• Mortgage qualification requirements

• Current mortgage products and interest rate strategies

• What lenders look for when reviewing applications

• Steps buyers can take today to improve their approval chances

Navigating the Market with Tara Kennedy, REALTOR®

The real estate market continues to evolve, making professional guidance more important than ever.

As a REALTOR® serving the Greater Vancouver and Tri-Cities communities, I will be discussing:

• How to buy confidently in today's market

• Strategies for finding the right home

• Effective negotiation techniques

• What buyers can expect throughout the purchase process

• Common mistakes first-time buyers should avoid

My goal is to help attendees understand the process from start to finish so they can move forward with confidence.

Financial Planning for Homeownership with Darren Noh, Investment Planning Specialist

Saving for a down payment remains one of the biggest challenges for many buyers.

Darren Noh will explain:

• Practical strategies for building a down payment

• Registered and non-registered savings options

• Financial planning considerations before purchasing a home

• How to position yourself for long-term financial success

Ask Questions and Get Personalized Advice

One of the most valuable aspects of this event is the opportunity to speak directly with professionals and ask questions specific to your situation.

Whether you're planning to buy within the next few months, next year, or simply want to understand your options, this seminar will provide practical information you can use immediately.

Event Details

FREE Home Buying Seminar & Open House

📅 Date: June 29
🕤 Time: 9:30 AM – 5:00 PM
📍 Location: CIBC, 890 Village Drive, Port Coquitlam

Drop in anytime during event hours.

Complimentary refreshments will be available throughout the day.

We Look Forward to Meeting You

Homeownership starts with education and preparation. Whether you're just beginning your journey or actively planning your first purchase, this event is designed to provide the knowledge and resources you need to make informed decisions.

If you'd like more information about the seminar or the home-buying process, feel free to contact me directly.

Tara Kennedy, REALTOR®
Royal LePage West Real Estate Services
236-992-8989

#FirstTimeHomeBuyer #PortCoquitlam #HomeBuyingSeminar #HomeOwnership #RealEstateBC #PortCoquitlamRealEstate #TriCitiesBC #BuyAHome #MortgageAdvice #FinancialPlanning #DownPaymentSavings #HomeBuyerEducation #VancouverRealEstate #BCRealEstate #TaraKennedyRealtor #HomeSweetHome #TaraKennedy #CIBC #RealEstateAdvice #FreeHomeBuyingSeminar #PortCoquitlam

There's something magical happening in our city today.

If you're in Vancouver right now—whether you're downtown, in Kitsilano, or watching from a screen in your favourite local spot—you can feel it. The energy is electric. The streets are buzzing with red and white. And at the heart of it all, BC Place Stadium is hosting a moment that will be etched into Canadian sports history.

Today, Canada takes on Switzerland in their final group stage match of the 2026 FIFA World Cup. But this isn't just about soccer. This is about something much bigger.

A City United

Vancouver has always been a city of many cultures, many languages, and many stories. We're a mosaic—not a melting pot—and that's what makes us so special. But days like today remind us that despite all our differences, we share something powerful: a love for this country and this city we call home.

When you walk down Robson Street or gaze out at the mountains from English Bay, you're reminded of how lucky we are to live here. And when you see thousands of fans—young and old, from every background imaginable—cheering side by side, you realize that sport has a unique ability to bring us all together.

Whether you've lived here your whole life or just arrived yesterday, today we are all Canadians. We are all Vancouverites. We are all cheering for the same dream.

What This Game Means for Canada

Let's be honest—Canadian soccer hasn't always been on the world stage. For years, we watched from the sidelines while other nations celebrated. But not anymore.

This team, this generation of players, has changed everything. They've given us belief. They've given us pride. They've shown us that when we work together, when we believe in ourselves, we can compete with the best in the world.

A win or a draw today secures top spot in Group B and keeps the dream alive right here in Vancouver for the knockout rounds. That's not just a statistic—that's a statement. It says that Canada belongs. It says that our kids can grow up dreaming of lifting a World Cup trophy. It says that we are a soccer nation.

But more than that, it says that when we come together as a country, we can achieve things we never thought possible. That's the power of sport. That's the power of unity.

A Special Shoutout to Jaden & Braxton

Now, I have to take a moment to give a very special shoutout to two young men who are actually in the building today.

Jaden & Braxton—you are inside BC Place right now, experiencing history firsthand. The roar of 50,000 fans. The tension before every free kick. The eruption when Canada scores. You're not just watching this on TV—you're living it.

What an incredible moment to be young, to be Canadian, and to be right there in the middle of it all. This is a memory you'll carry with you forever. Soak it all in, boys. Every chant. Every flag. Every single second.

Have the time of your lives. ❤️🤍❤️

What a Time to Live in This Amazing City

Let's be honest—Vancouver is already one of the most beautiful cities in the world. We have mountains, ocean, forests, and some of the best food and culture anywhere. But days like today? They make it even better.

To be hosting World Cup matches—to have the world's eyes on our city—is a privilege. And to see our city show up the way it has, with pride, passion, and positivity, makes me prouder than ever to call Vancouver home.

Whether you're a lifelong resident or a new neighbour, today is a reminder that we live in something truly special. Not just because of where we are, but because of who we are—together.

Let's Bring It Home

So as the whistle blows and the game begins, remember what this moment represents. It's about more than goals and standings. It's about unity. It's about pride. It's about showing the world what Canada—and Vancouver—is all about.

Let's Go Canada!! 🇨🇦🍁

#CANMNT #TeamCanada #CanadaSoccer #WeCAN #FIFAWorldCup #WorldCup2026 #CanadaVsSwitzerland #GoCanadaGo #CanadianPride #SoccerCanada #Vancouver #YVR #CanadaStrong #RoadToTheWorldCup #WorldCup #VancouverRealtor #RealEstateVancouver #YVRRealEstate #ProudVancouver #HomeSweetYVR

After more than a decade of annual opt-outs, British Columbia is ending the depreciation report loophole - bringing significant implications for strata owners, buyers, reserve funds, and future special levies.

If you own, are considering buying, or are selling a strata property in British Columbia, one of the most significant changes to strata legislation in years is about to take full effect.

Beginning July 1, 2026, most strata corporations in Metro Vancouver, the Fraser Valley, and the Capital Regional District will be required to have a current depreciation report in place. While many people assume this is a brand-new requirement, the reality is much more interesting.

In fact, depreciation reports have technically been required since 2011—but a loophole allowed many strata corporations to avoid them for more than a decade.

The History: When Depreciation Reports Were First Introduced

In December 2011, the BC Liberal government under Premier Christy Clark introduced legislation requiring most strata corporations to obtain depreciation reports.

The goal was straightforward: encourage long-term financial planning and help strata corporations prepare for major repairs and replacements before they became emergencies.

Depreciation reports were intended to provide owners with a detailed analysis of:

• Building components and their remaining lifespan

• Anticipated repair and replacement costs

• Long-term maintenance planning

• Funding recommendations for future expenditures

At the time, existing strata corporations were required to obtain a depreciation report by December 14, 2013, and update it every three years.

The Loophole That Changed Everything

While the legislation introduced mandatory depreciation reports, it also included an important exemption.

Strata owners could vote annually by a ¾ majority to waive the requirement.

The intent was to provide flexibility for newer buildings or smaller strata corporations. However, in practice, many strata corporations simply voted against obtaining a depreciation report year after year.

For some buildings, this continued for more than a decade.

As a result, many strata corporations operated without a formal understanding of:

• Future capital repair costs

• Reserve fund requirements

• Major infrastructure replacement timelines

• Potential special levy exposure

This often led to deferred maintenance, underfunded Contingency Reserve Funds (CRFs), and unexpected special levies when major repairs became unavoidable.

Why the Province Decided to Close the Loophole

Over time, the Province recognized that the annual waiver process was undermining the purpose of depreciation reports.

Many strata corporations were keeping monthly strata fees artificially low while postponing long-term financial planning.

As buildings aged, owners increasingly faced large special levies for projects such as:

• Roof replacements

• Building envelope repairs

• Plumbing upgrades

• Elevator modernization

• Parkade membrane repairs

• Fire protection system upgrades

The lack of long-term planning also created challenges for buyers trying to evaluate the financial health of a building before purchasing.

The 2024 Legislative Changes

On July 1, 2024, the Province officially eliminated the annual waiver provision.

Strata corporations can no longer vote to opt out of obtaining a depreciation report.

Instead, depreciation reports are now mandatory for most strata corporations with five or more strata lots.

The reporting cycle was also updated from every three years to every five years.

What Happens on July 1, 2026?

For strata corporations located within:

• Metro Vancouver

• Fraser Valley Regional District

• Capital Regional District

a compliant depreciation report must be obtained by July 1, 2026 if:

• The strata has never had a depreciation report; or

• Its most recent report was completed before December 31, 2020.

This means many strata corporations throughout the Lower Mainland are currently working to complete reports before the compliance deadline.

What Must Be Included in Today's Depreciation Reports?

Modern depreciation reports are far more comprehensive than many owners realize.

They evaluate major common property components including:

Building Systems

• Roofs

• Windows

• Exterior walls

• Balconies

• Doors

• Structural components

Mechanical Systems

• Plumbing

• Electrical systems

• Fire protection systems

• Ventilation systems

• HVAC equipment

Site Infrastructure

• Roads

• Sidewalks

• Retaining walls

• Landscaping

• Drainage systems

• Utility infrastructure

Amenities

• Pools

• Fitness facilities

• Clubhouses

• Recreation areas

Reports must also provide a 30-year financial forecast and funding scenarios to help strata corporations prepare for future expenditures.

What This Means for Home Buyers

For buyers, depreciation reports are becoming one of the most important documents to review during due diligence.

A depreciation report can reveal:

• Upcoming major repair projects

• Potential special levy risks

• Reserve fund adequacy

• Long-term maintenance planning

• Overall building health

A building with a large reserve fund may still face substantial future costs, while another building with a smaller reserve fund may be in a stronger financial position if major repairs have already been completed.

Looking beyond the CRF balance and understanding the long-term plan is critical.

What This Means for Sellers

Sellers should expect buyers, lenders, and real estate professionals to place greater emphasis on depreciation reports than ever before.

Buildings with strong financial planning, healthy reserve funds, and proactive maintenance programs may be viewed more favourably by purchasers.

Conversely, buildings that have delayed maintenance or have significant unfunded liabilities could face increased scrutiny.

The Bottom Line

The July 1, 2026 deadline marks a major shift in how strata corporations manage long-term maintenance and financial planning in British Columbia.

While depreciation reports have technically existed since 2011, the ability to waive them each year meant many strata corporations never completed one.

That loophole is now gone.

For owners, buyers, and sellers alike, understanding a strata's depreciation report may be one of the most important steps in evaluating the true financial health of a building.

Whether you're purchasing your first condo, reviewing strata documents, or preparing to sell, understanding what's inside a depreciation report can help you make more informed real estate decisions and avoid costly surprises down the road.

Have Questions About a Strata Property?

If you're buying or selling a strata property in the Tri-Cities, New Westminster, Burnaby, or anywhere in Metro Vancouver, I'd be happy to help you understand depreciation reports, contingency reserve funds, special levies, and overall building health before you make a decision.

📞 Tara Kennedy
🏡 REALTOR®, ABR, RENE, SRS
📱 236-992-8989
🌐 www.tarakennedy.ca

#BCStrataLaw #BCStrataChanges #StrataLawChanges #DepreciationReport #BCDepreciationReport #MandatoryDepreciationReport #StrataDepreciationReport #StrataRegulations #BCCondoRules #CondoLawBC #StrataPropertyAct #StrataGovernance #StrataCouncil #StrataManagement #StrataCompliance #BCRealEstate #StrataLiving #DepreciationReport #MetroVancouverRealEstate #NewWestminsterRealEstate #TriCitiesRealEstate #PortCoquitlamRealEstate #CoquitlamRealEstate #PortMoodyRealEstate #CondoLiving #BCCondoMarket #HomeBuyingTips #StrataCouncil #SpecialLevy #ContingencyReserveFund #RealEstateEducation #YVRRealEstate #LowerMainlandRealEstate #TaraKennedyRealEstate #RealtorLife #RealEstateExpert #PropertyManagement #BCHousing #HomeOwnership #RealEstateTips #TaraKennedy #

Metro Vancouver is moving to Stage 3 water restrictions effective June 8, 2026, in response to an unusually low snowpack, ongoing drought concerns, and reduced regional water system capacity while construction of the Stanley Park Water Supply Tunnel is underway. These restrictions are intended to protect the region's drinking water supply throughout the summer months and are expected to remain in place until October 15, 2026, unless conditions improve.

For homeowners, gardeners, and property owners across the Tri-Cities and Metro Vancouver, understanding these new rules is essential.

Why Are Stage 3 Restrictions Being Implemented?

This year presents a unique challenge for Metro Vancouver's water system:

✅ Significantly lower-than-normal mountain snowpack

✅ Forecasted hot and dry summer conditions

✅ Increased summer water demand, which can exceed 1.5 billion litres per day

✅ Temporary reduction in water system capacity due to construction of the Stanley Park Water Supply Tunnel, a major infrastructure project designed to improve long-term water reliability.

Metro Vancouver's goal is to keep daily water consumption below critical thresholds while ensuring enough water remains available for drinking, cooking, sanitation, firefighting, and emergency services.

What Is Allowed Under Stage 3 Restrictions?

Trees, Shrubs and Flowers 🌳🌷

You may continue watering:

• By hand using a watering can

• Using drip irrigation systems

• Using a hose equipped with a spring-loaded shut-off nozzle

These methods can be used at any time. However, sprinklers and soaker hoses are no longer permitted for ornamental landscaping.

Vegetable Gardens 🥕🍅

Good news for gardeners:

• Vegetable gardens can still be watered at any time.

• Food-producing plants remain exempt from many of the restrictions.

What Is Prohibited?

Lawn Watering 🚫

Lawn watering remains completely prohibited.

There are currently no exemption permits available under Stage 3 restrictions, including for newly installed lawns. Any previously issued permits become void once Stage 3 takes effect.

Car and Boat Washing 🚗

Home vehicle washing is prohibited except for limited spot cleaning necessary for safety, such as:

• Windows

• Mirrors

• Lights

Commercial water-efficient car washes may continue operating.

Pressure Washing and Surface Cleaning 🧹

Residents cannot use garden hoses or personal pressure washers to clean:

• Driveways

• Patios

• Sidewalks

• Exterior surfaces

Commercial cleaning is only permitted for health, safety, or surface preparation purposes. Aesthetic cleaning is not allowed.

Pools, Hot Tubs and Decorative Water Features 🏊

The following are prohibited:

• Filling pools

• Topping up pools

• Filling hot tubs

• Topping up fountains or decorative water features

Public pools and regulated community facilities remain open.

What Are the Fines?

While Metro Vancouver establishes the restrictions, individual municipalities enforce them through local bylaws.

In many municipalities, including nearby Port Coquitlam, violations of Stage 3 restrictions may result in fines ranging from:

💰 $150 to $450 per infraction

Municipalities have also indicated that enforcement efforts will increase during Stage 3 restrictions. Residents are encouraged to report observed violations through municipal reporting channels.

Easy Ways to Reduce Water Use This Summer

Every litre saved helps protect our shared water supply.

Consider these simple conservation tips:

✔ Water vegetable gardens at the root level

✔ Use mulch around trees and shrubs to retain moisture

✔ Sweep driveways instead of hosing them down

✔ Take shorter showers

✔ Run full loads in dishwashers and washing machines

✔ Fix leaking faucets and irrigation systems

✔ Install low-flow fixtures where possible

✔ Keep drinking water in the fridge instead of running the tap until it cools.

What This Means for Homeowners and Sellers

As a REALTOR®, one question I often receive is whether brown lawns impact property value.

The reality is that buyers understand these restrictions are region-wide and temporary. In 2026, a green lawn is far less important than responsible water conservation. Homeowners preparing to sell should focus on:

🏡 Maintaining healthy trees and shrubs

🏡 Keeping gardens tidy

🏡 Using drought-resistant landscaping where possible

🏡 Ensuring irrigation systems comply with current regulations

Water-wise landscaping continues to become more attractive to buyers as Metro Vancouver experiences longer dry seasons and increasing conservation measures.

Final Thoughts

Stage 3 water restrictions represent one of the most significant conservation measures Metro Vancouver has implemented in recent years. While the restrictions may require homeowners to adjust their routines, they are designed to protect a critical resource during an unusually challenging summer.

By making small changes now, we can help ensure a reliable water supply for our communities while protecting essential services throughout the region.

Have questions about how water restrictions may affect your property, landscaping, or home sale?

📞 Reach out anytime - I'm happy to help.

Tara Kennedy, REALTOR®
Serving Coquitlam, Port Coquitlam, Port Moody and the surrounding communities.

#MetroVancouver #WaterRestrictions #Stage3Restrictions #CoquitlamRealEstate #PortCoquitlam #PortMoody #TriCitiesBC #BCRealEstate #WaterConservation #TaraKennedyRealtor 💧🏡

Who Was Queen Victoria?

Born on May 24, 1819, Victoria ascended to the British throne in 1837 when she was just 18 years old. She went on to rule for an incredible 63 years and 216 days before passing away on January 22, 1901, at the age of 81.

Her historic reign was so lengthy and globally influential that the entire era was named after her - the Victorian Era. For over a century, she held the record as the longest reigning monarch in British and Canadian history (a milestone later surpassed by her great-great-granddaughter, Queen Elizabeth II).

But why does Canada still dedicate a statutory holiday to her every May?

1. She is the "Mother of Confederation"

Queen Victoria didn't just rule from afar; she was directly involved in the birth of Canada as a unified nation.

During her reign, Canada grew from a fractured collection of British colonies into a unified, self-governing Dominion. Victoria actively supported Canadian political unity and formally gave her royal assent to the British North America Act on July 1, 1867. Because of this, she is affectionately regarded in our history books as the "Mother of Confederation."

Fun fact: She is also the person who selected Ottawa as Canada’s permanent capital city!

2. The Holiday Was Originally a Tool for National Unity

We didn't wait until she passed away to start celebrating. In 1845, the Legislative Assembly of the Province of Canada declared May 24 an official public holiday to honour the young Queen's birthday.

Parliamentary leaders actually used the holiday as a strategic bridge to build common ground between English and French Canadians. At the time, loyalty to the Crown transcended cultural and religious differences. The monarchy was viewed by both groups as a vital safeguard for minority rights and a shield against American expansionism. It successfully shifted the monarch's birthday from a rigid military training day into a unifying, civilian celebration.

3. It Pulls Double-Duty for the Current Sovereign

Following her death in 1901, the Canadian Parliament passed an act to permanently enshrine "Victoria Day" into law to ensure her legacy wouldn't be forgotten.

Over the decades, the holiday evolved to pull double-duty: honoring Queen Victoria's memory while also serving as the official Canadian birthday celebration for the reigning monarch.

In 1957, a royal proclamation permanently linked Victoria Day to Queen Elizabeth II's official birthday celebrations. Following a federal proclamation issued in May 2023, Victoria Day remains the official day to celebrate the birthday of all future Canadian sovereigns, including King Charles III.

📅 Why is Victoria Day Always on a Monday?

Originally, the holiday was celebrated on the exact date of May 24. However, in 1952, the Canadian government amended the Holidays Act to move the celebration to the Monday preceding May 25. This amendment was purely practical: it guaranteed that Canadians would always get a fixed, predictable long weekend to transition into the warmer spring weather.

(Note: If you live in Quebec, you might know this day by a different name. In 2003, the province officially replaced Victoria Day with Journée nationale des patriotes to honor the 1837–1838 rebellion for democratic reform).

Final Thoughts

The next time you raise a glass or light a sparkler over the May long weekend, you can appreciate that you are participating in a tradition that is older than Canada itself. Victoria Day isn’t just a break from work … it’s a direct link to the very founding of the country.

How are you celebrating your May Long Weekend this year? Let me know in the comments below!

#VictoriaDay #MayLong #CanadianHistory #VictoriaDayLongWeekend #ProudlyCanadian #ExploreCanada #HistoryGeek #QueenVictoria #VictoriaDayCanada

Mother’s Day is a time to celebrate the women who shape our lives with unconditional love, strength, patience, and guidance. It’s a day to honour the moms who are beside us every day, as well as the mothers who may no longer be here physically but remain forever present in our hearts.

For many, today is filled with hugs, flowers, laughter, and time spent together. For others, it can also be a day of reflection, remembrance, and missing someone deeply loved. Both emotions can exist together - gratitude for the memories and love that never fades.

Mothers leave an imprint on our lives that lasts forever. Through their encouragement, sacrifices, wisdom, and endless care, they help shape who we become. Whether near or far, here or in heaven, a mother’s love continues to guide us in ways words often cannot fully express.

Today, we celebrate all the amazing moms:
🌹 The mothers raising families today
🌹 The grandmothers who hold generations together
🌹 The mothers-to-be awaiting new beginnings
🌹 The women who step into motherly roles with love and compassion
🌹 And the mothers we carry with us in memory every single day

Wishing everyone a Mother’s Day filled with love, gratitude, beautiful memories, and moments that matter most.

Happy Mother’s Day to all the amazing moms … those who hold our hands today and those who hold our hearts from heaven.

#MothersDay #HappyMothersDay #InLovingMemory #ForeverLoved #MothersLove #HeavenlyMothers #FamilyLove #RememberingMom #RedRoses #MothersDayTribute