Strata | Tips for Buyers (Part 1) Blog

Friday, December 2, 2022   /   by Chantal Johnson

Stratas in BC can no longer ban rentals. Finally!

Housing has been a hot topic in Vancouver and other parts of British Columbia for several years. From cost to availability, this has been a tough journey for many.

On November 21st, 2022, the Government of B.C. announced changes to legislation that will remove rental restrictions in strata properties and introduced the new Housing Supply Act which will provide select municipalities with increased powers to address housing development. These changes will have implications for consumers, real estate licensees, and real estate developers in our province.
The change in provincial legislation then went into effect on Thursday, November 24, which automatically and immediately overrides any strata bylaw that restricts rentals in their building.

Finally, a change in a positive direction! What does this mean?

Amendments to the Strata Property Act will end all strata rental-restriction bylaws and limit age-restriction bylaws so that the only permitted age restriction is to preserve a ...

  mortgage, realtor, vancouver condo, vancouver real estate, buying a home, home buyer, home for sale, home seller, selling property, bylaws, real estate, strata

Oakwyn Realty
400-1286 Homer St.
Vancouver, BC V6B 2Y5
Chantal Johnson - 604-306-5043
Erynn Paton - 604-356-1640

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