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Program Overview:We know buyers want certainty in monthly strata fees when buying into presale developments. The reality is, our data shows that fees often increase significantly in the early years after occupancy. Submit your project’s interim budget through our New Development Budget Review program and we will benchmark line items of the budget against similar buildings in the market that have a few years’ under their belts. Formulating a sound, healthy interim budget is one thing, but marketing this to your prospective buyers can be difficult. Let us help you do this – run your new development through our review program today. For more information, email developers@elireport.com. |  | |
Program Benefits:
- Eli Report’s New Development Budget Review program is independent and trusted. Real estate professionals utilize our budget benchmarks in thousands of condo resale transactions every year.
- Benefit from accurate benchmarks derived from data on thousands of strata corporations in BC
- Obtain our independent, objective feedback on your project’s interim budget
- Detailed review of the project’s proposed insurance policy against current market policies
- Gain insights into potential Year 1 budget deficits experienced by the strata corporation and borne by the developer
Program Fees:
| Initial Budget Review: | ||
| Review Fee (Non-Sectioned) | $1,500.00 | |
| Review Fee (Sectioned) | $3,000.00 | |
| Insurance Review | $500.00 | |
| Benchmarking Fee* ($/ Unit): | ||
| 0-100 Units | $50.00 | |
| >101 Units (per additional Unit) | $25.00 | |
*Charged if budget aligns with current market benchmarks
For more information, email info@elireport.com.
Disclaimer: An analysis of a new development’s budget shall not be construed as a representation of the real estate in any way. Eli Report makes no assurances that sudden or unexpected changes in a community’s budget and fees due to general market or building-specific events will not occur. It is the developer’s responsibility to ensure all marketing materials relating to a new development conform with all applicable laws and Acts, including the Real Estate Development Marketing Act (BC) and the Real Estate Services Act (BC).