The BC government has recently made changes to the Strata Property Act to remove restrictions on rentals and age on strata properties. What does that mean for you as a buyer, a seller, a homeowner, or a renter?
Up until these changes to the strata property act were made, Stratas could have 19+ or 45+ age restrictions. This would mean that young people wanting to start a family would have to move out and those with children could not buy in those buildings. Retirement communities of 55+ will continue to keep their age restriction.
Ending age restrictions on strata properties can help young families and first-time home buyers have more options for homes.
