Quick Facts:

• Stratas will no longer be able to stop condo owners from renting out their homes.
• New changes to the Strata Property Act will remove age restrictions in most B.C. strata buildings (55+ buildings will remain)
• Housing will become its own standalone ministry to address the housing crisis in B.C.
• The Housing Supply Act legislation will help increase the number of homes in B.C. by working with municipalities, with the highest growth and highest projected need, to establish targets for new housing and supporting municipalities to reach them.
• Rent increases in 2023 are capped below inflation at 2% to make sure renters can continue to afford their homes