There will be a talk by Dr. Hazel Easthope on “Renewing the Compact City: Lessons for the renewal of multi-unit housing” at the Allard Law School (room 122), Feb 9th, 12.30-13.30.
Much of it will be about what to do with strata (condo) properties at the end of their “natural” lives.
In this seminar, Dr Hazel Easthope will present findings from a two-year research study of strata scheme termination and renewal in Greater Metropolitan Sydney (in the state of New South Wales, Australia). This study outlined the tensions arising from the conflicting interests of the multiple stakeholders involved including tenants, owners, developers, bankers and property managers. The research used innovative methods to examine how best to deliver outcomes that are both economically viable and socially sustainable in the context of private-sector driven housing development.
Of special note, given my earlier posting, here too we see research being transformed into new legislation.
The outcomes of this research informed details of the legislation that was passed in New South Wales at the end of 2015 and that will come into effect in July 2016. This legislation, which includes provision to terminate a strata scheme with the approval of 75% of all owners, has some striking similarities with that proposed for British Columbia.
Great stuff. Click here, or above, for more information.