Leaseholders in Vancouver building rocked by sudden tripling of monthly fees

Leaseholders in a Vancouver building are facing a sudden increase in maintenance costs, causing panic among residents, especially seniors on fixed incomes. The private owner issued a $25,000 special assessment per unit, leading to financial strain. These leasehold arrangements lack oversight and fall outside existing legislation, affecting around 20 buildings and 4,000 residents. Residents are calling for more transparency and protections for leaseholders.