On November 21, 2022, the Office of the Premier announced changes to the Strata Property Act (“SPA”) impacting rental properties in British Columbia. This communication is intended to inform real estate licensees and other interested parties of what these recent changes mean in relation to:• Banning of strata rental restriction bylaws;• Limiting age restriction bylaws in strata housing to age ...

Good morning everyone, a few updates for you: Federal ban on foreign buyers – many articles suggest resort areas such as Whistler will be exempt, but the regulations are not yet out. As soon as they are, I will try to update you all. Residential property flipping rule – The proposed residential property flipping rule (RPFR), announced in the 2022 federal budget, will deem gains arising fr ...