BC Property Disclosure Statement (PDS)
The PDS is a standardized form covering the seller's knowledge of the property's condition. Complete it honestly — BC courts have held sellers liable for known defects not disclosed on the PDS.
PDS sections
Oil Tanks in Metro Vancouver
Many Metro Vancouver homes built before 1970 have decommissioned underground oil tanks. If yours has a tank (decommissioned or active), disclose it. Buyers will order an oil tank scan ($150–$300) during inspection. Undecommissioned tanks are a liability — decommission before listing if discovered.
Latent vs. Patent Defects
BC law: sellers must disclose known latent defects (hidden, not discoverable on reasonable inspection). Patent defects (visible, observable) are buyer's responsibility. When in doubt, disclose — it protects you and builds buyer confidence.
Strata (Condo) Disclosure
Strata property sellers must provide the strata's financial statements, minutes (last 2 years), bylaws, depreciation report, Form B (strata certificate), and special levy disclosures. Vancouver condo buyers expect full strata document packages. Assemble these early — it takes time.
Download the BC PDS at byownerhub.com/vancouver#disclosures.