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
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
Hiring a Strata Management company as part of the development process can be highly beneficial for developers and new developments, as there are many obligations under the Strata Property Act (SPA) that the developer is required to follow, such as when to hold the first Annual General Meeting (AGM) and transferring documents to the Strata
Under the Strata Property Act of BC, which came into effect in 2000, Strata Corporations are required to provide (at a fee) a “Form B”, also known as an information certificate to an owner, potential buyer, REALTOR®, lawyer or bank when requested. As of March 1st, 2012 the new “Form B’s” were mandated under the
