Stratas shifting to 55+ presents 'massive loophole' in Property Act, Duncan condo owner says
A condo owner in Duncan says her strata opting to go 55+ will significantly impact not only her finances, but her personal life — prompting her to ask British Columbia’s premier to fix a “massive loophole” in recent changes to housing legislation.
Brianne Pascoe, 30, purchased her unit last June. When she moved into the building it was 19+, but since then the government has made significant changes to the Strata Property Act with Bill 44 — including what some are calling a loophole upending the lives of buyers and renters.
That’s because Pascoe’s strata voted to restrict anyone under 55 from moving into the building, something other strata councils around the province have been doing ever since the changes came into effect last November.
The new laws aim to increase B.C.’s housing stock to help solve the province’s rental shortage, with changes to the Act scrapping rental restrictions, including