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Strata properties are a popular housing choice in B.C. because it is convenient, provides security and added amenities and is usually less costly than buying a single-family home. [ 5 ] As the price of single-family housing has soared to unprecedented levels in Vancouver , the number of new condominium sales has increased, along with prices.
The BC Government through the Strata Property Act (SPA) enables any private land owner to create a strata, which can be single family, duplex, triplex, multi-residential dwellings and also commercial properties such as stores, restaurants, airports, marinas, golf courses, fractional vacation properties, etc. Strata corporations are unlimited ...
BC Energy Step Code Logo. The BC Energy Step Code is a provincial regulation that local governments in British Columbia, Canada, may use, if they wish, to incentivize or require a level of energy efficiency in new construction that goes above and beyond the requirements of the base building code. It is an example of a "stretch code," or "reach ...
The owners corporation must prepare and keep a strata roll in accordance with section 96 of the Strata Schemes Management Act 1996 including the name and addresses of all lot owners, tenants, mortgagees, the original owner and the managing agent, the units of entitlement, insurance details and the by-laws for the strata scheme. [8]
It primarily involves multi-unit condominium (or strata) buildings damaged by rainwater infiltration in the Lower Mainland and Vancouver Island regions of coastal British Columbia (B.C.). In B.C. alone an estimated $4 billion in damage has occurred to over 900 buildings and 31,000 individual housing units built between the late 1980s and early ...
Strata title is a form of ownership and housing tenure devised for multi-level apartment blocks and horizontal subdivisions with shared areas. The word "strata" refers to apartments on different levels. Strata title was first introduced in 1961 in the state of New South Wales, Australia, to better cope with the legal ownership of apartment ...
In 2023 the BC Government, in an effort to make housing more accessible for households with children, banned Strata Corporations from imposing minimum age requirements. In order to preserve the culture of their community, the residents of Arbutus Ridge subsequently passed a resolution to amend a Bylaw thereby increasing the minimum age ...
Prior to enacting WESA, British Columbia Legislature spent thirty years reviewing the province's estates law. Many of the subsequent changes later introduced under this Act, were initially intended to fill in gaps not previously remedied by orders-in-council. Through the enactment of WESA, the legislature signalled the need to amalgamate sister ...