In an effort to improve the B.C. housing and rental shortage and address record-low vacancy rates, Premier David Eby passed significant amendments to Bill 44 of The Strata Property Act (SPA). These amendments went into effect on November 24, 2022, and are already affecting Strata Corporations, Homeowners, Real Estate Agents, and Developers across the province. Here’s
As of December 20, 2021, virtual General Meetings (Annual General Meetings (AGMs) and Special General Meetings (SGMs)) for Strata Corporations in BC were extended until December 31, 2022, without the need for the Strata to have a bylaw in place. Although virtual strata meetings have been the new normal in the strata management industry for
Whether you currently live in a Strata Corporation (condo, townhouse, or a stratified complex) or are looking to purchase a home in one, it is important to understand how Strata Corporations operate and learn some basic terminology. Common Property (CP) and Limited Common Property (LCP) affects who has access to the property and who
