*** UPDATE ***
It appears that parts of this video in regards to the Residential Tenancy Act are still developing. It is my commitment to do a follow up video soon with sources for clarity because I fear that the tenancy and strata acts may still remain in conflict. If that is the case, then the situation for BC Seniors is actually worse than I stated here (and maybe I gave the current BC Government too much credit).
I hope to bring greater clarification to the situation soon and as always, please don't rely on this information for your real estate decisions. Any owner and strata corp should obtain their own independent legal advice.
- Steve
********
In this video, Surrey REALTOR®, Steve Karrasch of Macdonald Realty provides some further clarification to the BC NDP’s recently implemented legislation that removes rental restrictions from strata owned properties in the province, specifically how this change will pertain to 55+ age restricted communities.
Are you frustrated by the province of BC’s elimination of rental restrictions in strata properties made in the name of increasing rental supply? Or do you see this change as a positive move towards increasing housing availability in the province? Let us know your thoughts in the comments below.
#SurreyRealtor #SurreyRealEstate #BCRentalRestrictions
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The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.
