BC’s first-ever strata wind-up under new law

Firm News

Unanimous owner agreement is no longer required to wind-up a strata corporation in BC. The new threshold is 80%, as per new law which came into force in July. Owners of a Vancouver condo became the first in BC to dissolve their strata corporation without 100% owner support. Featured in Business in Vancouver, Darren Donnelly discusses this first vote as well as the complexities facing strata corporations considering dissolution. Learn more.