Submitted to The Lieutenant-Governor in Council Government of British Columbia
On August 11, 1 minium construction. The Commission was asked to inquire into the impact on homeowners, including the extent of foreclosures, bankruptcies, and related matters, and also the causes of the failure of New Home Warranty of British Columbia, Inc. The Commission, upon completion of its inquiry, was to recommend any legislative, regulatory, administrative, or other measures needed to ensure consumer protection and accountability for this situation.
The material presented in this report is a result of extensive public hearings, and numerous written submissions, received by the Commission from September 13, 1999 to February 21, 2000. In all, there were 53 sessions of public hearings held in Vancouver, Coquitlam, Richmond, Victoria, and Nanaimo. In total, there were 182 presenters and 340 submissions. Presentations were made by condominium owners, strata council representatives, concerned individuals, groups involved in various public and private aspects of the industry, and professionals with expertise in related fields. The Commission also reviewed relevant existing legislation, public and private reports, and undertook various background research activities. The Commission's report has been divided into two volumes. Volume I covers all aspects of consumer compensation, including the magnitude of the problem; review of recommendations contained in the first Barrett Commission report, as they relate to financial support for homeowners; and a recommendation for a Compensation Plan based on the findings of the recent he arings.
The testimony and submissions presented to the Commission clearly identify that the problem in residential construction is wide ranging and devastating, not just for those with limited means, on pension income, or involved in co-operative housing, but also for middle-income earners. The Commission has heard compelling testimony from a cross-section of British Columbians. This clearly suggests a crisis of unprecedented proportions. It is a disaster--the consequences of which are devastat ing and pervasive.
All other issues contained in the Commission's terms of reference are addressed in this volume including: New Home Warranty of British Columbia Inc., the Building Code, Industry, Government, and Health. Volume III is a compendium of documents relevant to Volume II. Summary of Fin dings