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Keeping it Real
Meet Jacquie McCarnan your host for Keeping it Real, the Vancouver and area residential real estate podcast that aims to demystify all things real estate in our crazy market.
Jacquie has been a licensed Realtor since 2016 and, in that time, has come across just about every scenario you can think of in our residential market. From hoarder homes to those for sale by owners to crazy strata situations and more, Jacquie provides real stories to help you navigate real estate in Vancouver and surrounding areas.
Each episode of Keeping it Real is short and to the point and provides you with great information about the topic discussed. Jacquie is always available to answer more in-depth questions and is happy to feature your own experience in future episodes.
Episodes also contain additional, non-real estate info about local businesses, experiences, and hidden gems around town that will make you sound like a local expert!
If you live in Vancouver or surrounding areas you know that the #1 thing people talk about is real estate (then the weather) if you want to sound knowledgeable and up to date on the real estate part listen weekly to hear topical issues that affect our market. We try to pick the most interesting and current issues to demystify each week and eagerly anticipate your input.
Join us every week for the very newest info on residential real estate in Vancouver and area.
Keeping it Real
14. What is a Strata Wind Up?
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In this episode of the Keeping it Real podcast, Jacquie McCarnan explores the concept of strata windups, where owners opt to sell their units, often to developers, due to rising maintenance costs and special levies. With a focus on providing clarity amidst the complexities, Jacquie breaks down the process, from the reasons behind windups to the considerations for both owners and developers.
Through a hypothetical scenario, Jacquie illustrates the financial and regulatory factors at play, offering insights into how decisions are made. She also highlights the impact of new provincial legislation on developers' strategies and shares recommendations for navigating the winding road of real estate in an ever-evolving landscape.
Tune in now!
More information on Strata Wind up: https://www2.gov.bc.ca/gov/content/housing-tenancy/strata-housing/termination#choose
Local business shout-out: Courtney Campbell Golf Pro: https://birdiesgolf.ca/
Recommendation: Stanley Park by Timothy Taylor. https://www.penguinrandomhouse.ca/books/177041/stanley-park-by-timothy-taylor/9780676973099
What was covered:
(01:43) Explanation of strata windups and reasons behind them
03:24) Changes in voting requirements for strata windups
(04:19) The hypothetical scenario involving a condominium complex
06:17) Discussion on escalating maintenance costs and special levies
(07:12) Considerations for strata windup feasibility
(08:05) Importance of consulting professionals and specialized realtors
(09:05) Assessment of developer interest and feasibility
(14:14) Impact of provincial legislation on developers
(17:34) Promotion of local businesses and golf pro Courtney Campbell
(18:08) Recommendation of the novel "Stanley Park" by Timothy Taylor
