On November 21, 2022, the Office of the Premier announced changes to the Strata Property Act (“SPA”) impacting rental properties in British Columbia. This communication is intended to inform real estate licensees and other interested parties of what these recent changes mean in relation to:
- Banning of strata rental restriction bylaws;
- Limiting age restriction bylaws in strata housing to age 55 and over; and
- Making electronic meetings a permanent option for strata corporations.
Resource: BC Financial Services Authority