Our Impact on Housing in BC
British Columbia’s strata industry is vibrant and growing, with more than 33,000 strata corporations made up of almost 1,000,000 individual units, including condominiums and townhomes. Skyrocketing development and strata ownership underscores the need for the strong voice of leadership, advocacy, education and resources for B.C. property management companies. This strong voice is provided by the Strata Property Agents of British Columbia (SPABC).
SPABC has in-depth knowledge of the factors affecting strata property management companies and their employees. One of the issues we are working diligently on is the fact that the majority of strata agents in this multi-billion-dollar industry in B.C. are nearing retirement, which is resulting in a sector-wide workforce challenge.
Without enough strata professionals, who will provide the property management and financial administration needed to look after all of these important and valuable assets, not only for their owners, but as part of the community’s infrastructure and real estate values.
That is is just one of the issues SPABC is focusing on.
Formed in 2000, SPABC is the voice of more than 120-plus B.C. property management companies, specifically residential strata management companies acting as agents for approximately 350,000 strata units. SPABC’s purpose is to bring B.C. property management companies together to:
- Represent a united, effective voice to various levels of government;
- Develop and uphold common standards of performance;
- Share knowledge and updates and create efficiencies for our members;
- Further the establishment of post-secondary educational programs for future generations of strata property professionals;
- Provide education and research to industry members.
SPABC members strive to reach above and beyond the basic licensing requirements required by the Province of British Columbia in both company practices and a commitment to furthering the establishment of post-secondary educational programs for future generations of strata property professionals.
It’s a forward-thinking organization for a visionary, fast-growing and exciting industry.