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ARTICLE · 16 OCTOBER 2015

Changes To Strata Property Act Pave The Way For Strata Redevelopment

Clark Wilson LLP
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The proposed provisions mentioned below appear in Bill 40, which is named (oddly) "Natural Gas Development Statutes Amendment Act, 2015" about half way down under "Strata Property Act"

CanadaReal Estate and Construction
Darren Donnelly
Darren Donnelly
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Update: The proposed provisions mentioned below appear in Bill 40, which is named (oddly) "Natural Gas Development Statutes Amendment Act, 2015" about half way down under "Strata Property Act"

This is very big news. And very good news. Today the provincial government issued the following press release:

Proposed amendment to the Strata Property Act

A proposed change to the Strata Property Act will make it easier for owners to terminate a strata corporation by lowering the voting threshold from unanimous to 80%.

Owners may wish to terminate their strata corporation for several reasons. As older strata corporations reach the end of their life cycle, major building and common property components start to fail, resulting in expensive repair bills. In some cases, strata owners want to sell the property to a developer who can put it to better or more profitable uses. For example, strata members living in a low-rise building on a large property may see the

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