Housing Supply Act & Building Strata Statutes Amendment Act passed 

BILL 44: CHANGES TO RENTAL AND AGE RESTRICTION BYLAWS - NOW IN EFFECT

• Nov. 25, 2022. CHOA Information Release:  NEW LEGISLATION AFFECTING STRATA CORPORATIONS IN BC NOW IN EFFECT
• BILL 44 INFORMATION WEBINAR: The Condominium Home Owners Association of BC (CHOA) will be hosting a free Bill 44 Information Webinar on November 30, 2022 at 12:00noon. Pre-registration is not required. Please click the following link to join the webinar (Passcode: 925651):  https://us02web.zoom.us/j/84515346938?pwd=VzBmU3crS3E1K1FaTE5yU1JNZkwwQT09 

  For anyone interested the webinar will be recorded and posted on the CHOA YouTube channel.

•  The BC government is moving forward with Bill 44 – 2022 Building and Strata Statutes Amendments Act, 2022 which will prohibit rental restriction bylaws in a strata corporation. 

  Take a look at all VICTORIA CONDOS to see what homes are selling for in your area.

  Premier David Eby’s action to speed up housing development and increase housing supply has passed in the B.C. Legislature and become law.

  The Housing Supply Act is designed to kickstart new housing construction by giving the provincial government the ability to set municipal housing targets. It gives the Minister of Housing the authority to ensure compliance to make sure housing gets built, should municipalities with the highest need struggle to deliver enough housing.

  The Building Strata Statutes Amendment Act prevents strata's from banning rentals in their buildings and ends unfair age restrictions. In areas where government has data through the Speculation and Vacancy Tax, there are approximately 2,900 empty condos that cannot be rented out because strata rules prevent them from renting out their condo – and its expected there are more in other areas of the province.