I just received my strata AGM package. My proposed monthly assessment is up 10% this year or about 3 times the current rate of inflation.
Meanwhile, rent increases are capped at 3.5%. Even worse, the BC Greens are calling for vacancy controls that would cap the allowable rent increase (a max to 3.5%) landlords can charge when one tenancy ends and another begins!
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Socialists really do hate property ownership.
So what % of strata fee would be part of rent? 20%? Just some numbers to see what this looks like if something way off let me know.
Current rent $2,200 increases to $2,277 (3.5%). Strata increases from $440 to $484 (10%).. Rent increases by $77/mo, strata $44/mo... $33/mo extra, what's next property tax increase?