Victoria
Condo council members in Victoria, BC should be aware of several key trends:
Increasing demand for condos: Victoria is experiencing a housing crunch, with condos becoming an increasingly popular option due to their affordability and proximity to amenities. This means more condos are being built, and existing condo buildings are becoming more densely populated. Condo councils need to be prepared to manage the challenges associated with increased density, such as parking shortages and noise complaints.
Aging infrastructure: Many condo buildings in Victoria were built in the 1970s and 1980s, and are now facing significant infrastructure issues. Condo councils need to be proactive in planning for repairs and upgrades, and ensuring adequate funds are set aside in the contingency reserve fund.
Changing demographics: The demographics of condo owners in Victoria are changing. There are more young families, older adults, and renters living in condos. This diversity can lead to differing expectations and needs, which condo councils must consider when making decisions.
Evolving regulations: Condo laws and regulations in British Columbia are constantly evolving. Condo councils need to stay informed about these changes and ensure that their building is compliant. The recent changes to the Strata Property Act are a prime example of this.
Environmental concerns: There is a growing awareness of the need for sustainability and energy efficiency in condos. Condo councils should be looking at ways to reduce their building's environmental impact, such as upgrading to energy-efficient appliances and lighting, or implementing recycling and composting programs.
Short-term rentals: The rise of platforms like Airbnb has led to an increase in short-term rentals in condos. This can be a source of conflict between owners, as some may be concerned about security and noise issues. Condo councils may need to develop policies to address short-term rentals.
Mental health and well-being: The COVID-19 pandemic has highlighted the importance of mental health and well-being. Condo councils should be aware of the resources available to support residents' mental health and consider ways to foster a sense of community within their building.
Additional resources for Victoria, BC condo councils:
Condominium Home Owners Association of BC (CHOA): Provides resources and information for condo owners and council members.
Civil Resolution Tribunal (CRT): Resolves strata property disputes in BC.
Capital Daily: Local news outlet that often covers condo-related issues in Victoria.
By staying informed about these trends and resources, condo councils in Victoria can effectively navigate the challenges and opportunities that lie ahead.