Some members of British Columbia’s strata sector are raising the alarm about depleted reserve funds and looming special levies, while also calling on the provincial government to undertake a full review of the Strata Property Act.

The BCREA and the AOIR are calling on the provincial government to undertake a full review of the Strata Property Act.

Regulations are now in effect to protect B.C. strata owners from unexpected long-term repairs and replacement costs.

It will come as no surprise to strata property managers that life in a strata corporation means living under certain laws of the land. The

British Columbia is making changes to its Strata Property Act that will give owners more flexibility when they decide they would like to sell the property.

A proposed amendment to British Columbia’s Strata Property Act could make it easier for apartment developers to scoop up prime real estate in B.C.’s hottest neighbourhoods.