Bill 40 lowers the required threshold to 80% from 100% for strata corporation members to vote to dissolve their entity and sell their buildings.
As of July 2016, unanimous owner agreement is no longer required to wind-up a strata corporation in BC. Owners of a Vancouver condo became the first in BC to dissolve their strata corporation without 100% owner support. It is estimated that many strata corporations across Metro Vancouver will follow suit and are investigating selling their complexes to developers.
This is a very short summary of the strata wind-up process, we will go through the process in details once we meet. Let our years of industry knowledge and experience work to your benefit. Please call us with any questions you may have.
In the first meeting you are giving us permission to market your complex only, the actual vote to sell won’t happen until a later date.
Shawn Joined Century 21 Alachua County in 2000. While practicing Real Estate in Florida, Shawn obtained his Bachelor of Computer Science degree from the University of Florida.
Shawn believes that knowledge is the power that any individual requires to succeed in every aspect of life. He has been able to use his extensive computer skills in marketing and communicating intelligently with investors locally and abroad.
He has focused his activities on investment and development properties with particular emphasis on multifamily and residential in and around Greater Vancouver since joining Sutton Realty in 2006. In addition to working with developers and investors, Shawn is the major share holder of GMG ACQUISITIONS Ltd.
Shawn is a long time member of the Advisory Group for Port Moody, Port Coquitlam, Coquitlam, Burnaby and New Westminster of the Real Estate Board of Greater Vancouver.
John Joined Sutton Group 1st West Realty in 1992. John comes with an extensive marketing and development background from BC Tel managing the Phone Mart Operation for Greater Vancouver.
His experience in negotiating on behalf of BC Tel has provided much needed expertise in negotiating in Real Estate transactions with developers and investors.
He has focused his activities on residential properties with particular emphasis on land development in and around Greater Vancouver.
John is a past divisional director for BNT of the Real Estate Board and a past member and director of Coquitlam Chamber of Commerce, and a present member of Rotary Club (Coquitlam Sunrise).
Recipient of the Sutton Diamond & Platinum Awards
*The Real Estate Board recognizes the accomplishments of the top producers each year through the Medallion Club. These achievers are in the top 10 percent of the industry and excel in combined MLS listings, sales and dollar volume.