During the 1990's the economy wasn't doing well and neither was the housing market. Due to the bad economy, builders didn't build the condos with the quality that was needed and these buildings today are showing minor to major leakage issues. The worst one known is the Broadway building by Nanaimo. The condition of that huge complex is so bad that the City says "either you fix it or we are tearing it down" as the building was pretty much falling down! What this meant for homeowners is they had to pay out of pocket or borrow money from the bank for the building to be fixed!
In the year 2000, a building technology called "rain-screen" was introduced. What this does is when the rain hits the building, the water flows back out and doesn't damage the buildings. Something "raincouver" badly needs!
A lot of older condos are spending the money and rain-screening the building which is a costly project! When you buy a condo, always ask if it’s rain-screened to save you that potential future cost!
Another thing you need to know about rain-screened buildings is that some are partial rain-screen not full! This is better than none, but depending on the building, it might not solve the issue of leakage.
Do all condos need to be rain-screened? NOPE! Concrete buildings do not need to be rain-screened.
There are a lot of leaky condos out there and your local condo experts will know which ones they are, another reason for using a local expert!