Brianna Pascoe has penned a letter to B.C. Premier David Eby after the strata in her Duncan condo building voted to enact a 55-plus age restriction bylaw.
"I am now a 30-year-old stuck in a retirement building," Pascoe said, reading from her letter. "I no longer have a nice little stepping stone for my future."The letter is asking Eby to close what she calls a loophole created by recent changes made to the"Condo buildings that weren’t previously 55-plus, they have been allowed to change to a 55-plus building to avoid having to enact the changes he’s put in place," said Pascoe.
"Strata corporations have kind of moved towards 55 and over bylaws in some cases because it gives them a smaller kind of rental target," he said.Gioventu says a few hundred stratas in the province have already taken this step.She now feels the value of her unit has been compromised. He says because the changes to the Strata Act are so new, hard data doesn’t yet exist. He is seeing condos with the 55-plus restriction in place selling for five to 10 per cent below market value.
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