You are here

Canada's shoddy condos deter insurers

They've stopped taking on new business and are demanding higher premiums as claims rise


RISING claims for water damage in condo buildings and inadequate regulation have led insurance companies to refuse new clients or demand higher premiums for coverage, adding fuel to concerns about quality in Canada's fastest-growing housing segment.

In March, Aviva...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to