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Strata Bylaws & Property Value: A Relational Analysis

Updated: Jun 10, 2023

How are strata bylaws impacting property value, positively and negatively?

As we are entering into a new era of humanity, human existence and social and economic politics and environment globally (some countries are ahead of others), we start to also examine the topics closest to home - the very strata bylaws that decide how we behave and live. We recently celebrated the lift on age restrictions and requirements in strata buildings (see details here: https://www2.gov.bc.ca/gov/content/housing-tenancy/strata-housing/operating-a-strata/bylaws-and-rules/age-restriction-bylaws#:~:text=Effective%20Nov.,residing%20in%20a%20strata%20lot. ), however, many other strata bylaws are yet to be examined for us to decide whether or not they are up to date or up with the times and in line with the new era that we are entering into socially, economically, politically and environmentally.


To name a few, as far as I have noticed so far by reading through countless strata minutes of various strata buildings, another hot topic that seems to be on people's minds and lips is a universal pet allowance across all strata buildings/corporations with certain specifications attached (such as a maximum amount of weight, let's say under 30 pounds etc, with or without a doctor's note, be it for emotional support or not). Another source I have been getting the data that this is a hot topic is when I host or attend Open Houses this year, almost 85% of the guests who walk through the Open Houses ask the question "Are pets allowed?", or "I know currently the strata building doesn't allow pets, but are they thinking of changing that bylaw? Cause I have a pet or I am thinking about keeping one". In one instance, a strata owner/resident went so far as to report their strata corporation to the Human Rights Tribunal for not discussing this topic in the strata council meetings, and not allowing for more relaxed bylaws around this. (But hey, just an FYI, you can always easily access the Civil Resolution Tribunal if you wish to resolve any disagreements between you and the Strata Corporation/ Strata Council / strata management company) SO THE MORAL OF THE STORY is: many home buyers are not going for strata buildings that do not already allow pets or are not in the process of relaxing the bylaws to allow certain pets to be a commonplace phenomenon; WHAT does this translate to? It translates into property sellers trying to sell a property that does not allow pets or is not pet friendly losing out on many competitive and valuable buyers and offers.


Anyhow, the general universal principles are the same - people tend to go, settle and live at where the overall environment (socially, economically, politically and holistically) that's favorable to humans and easy to have a life at, be it in a neighbourhood, a city, a province, a country or across the globe, this is where migration and immigration (legally and illegally) come into the picture, and keep in mind, I am not speaking from a "traditional" point of view where many people perceived that people from the old world countries migrate to the new world countries, I am speaking also including the other direction where people from the new world countries who migrate to old world countries, and trust me it happens more often than what you want to believe.


Let's Make British Columbia Great.

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