We can now confirm that Bill 44 has been read through and proclaimed into law by the BC Legislature. As a reminder from our previous articles on the subject, the three main changes in the Strata Property Act arising from these amendments are:
- The end of rental restrictions – the provisions in SPA which allowed for Strata Corporations to pass bylaws limiting the number of rentals within a property or setting a minimum duration for rentals have been removed. Special note should be made that “short term accomodations” (which are not “rentals” under the law) can still be prohibited by bylaw with fines of up to $1,000/day for offenders;
- Electronic General Meetings no longer require a bylaw to be permitted- all Strata Corporations are free to hold their General Meetings via electronic means;
- Age restriction provisions have also been amended – only “55+” communities are now permitted under the Act with various provisions for caregivers.