CA | Strata Wind-Up

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Ensure a Seamless and Profitable Strata Wind-up and Sale Process

With our unparalleled strata experience and extensive market connections, we guide your strata through the marketing and wind-up process. A wind-up can provide an incredible opportunity for your owners to capitalize on significant profit opportunities or avoid expensive special levies. Our proven method will ensure your owners are well-informed and can transition smoothly into new ownership.

Completed Sales 10
Transaction Volume* $460M+
# of Owners Represented 650+

^{*as of April 2021}

Does your Strata Corporation have the potential to realize greater value by selling as a group? Can you avoid large repair costs by considering a wind-up opportunity? Our team will provide a preliminary assessment of your property to get our conversation started.

With a greater understanding of the opportunity gained through the preliminary assessment, our team will meet with your strata council or a group of invested owners to provide an overview of the process and key considerations we have learned from our experience with other strata corporations.

It is critical to ensure your ownership is informed throughout the process. Information meetings, with plenty of time for questions, will help your council and our team gauge your ownership’s interest in pursuing a wind-up strategy. Our presentation will ensure your ownership understands the process, timeline and expected range of value for the property.

You and your ownership are now informed and ready to engage our team. You are positioned to market the property and discover what value can be unlocked. A Special General Meeting will provide the strata council with the authority to sign a listing agreement and our team will get to work on your behalf.

Featured Properties

For sale

FOR SALE | Large Scale Development Opportunity in Port Moody

Strata Wind up

155 - 230 James Road, Port Moody, British Columbia, Canada

Opportunity to acquire over 5 acres of residential development land in beautiful Port Moody. The property is surrounded by nature, walking distance to rapid transit and amenities.

Land

For sale

FOR SALE || 10 Unit Strata Wind-up on Oak Street

Well maintained building

1004 Wolfe Avenue, Vancouver, British Columbia, Canada

Opportunity to acquire 1004 Wolfe Avenue, Vancouver, The Alvarado (the “Property”) provides the opportunity to acquire a boutique ten-unit stratified apartment building in one of Vancouver’s most coveted neighbourhoods, Shaughnessy.

Land Residential

For sale

FOR SALE || 4.56 Acres for Redevelopment in South Surrey

Strata Wind-up || 44 Townhouses ideally situated in a park like setting steps away from White Rock

15827 - 15913 Alder Place, Surrey, British Columbia, Canada

Rare opportunity to acquire a large scale development site at 15827 – 15913 Alder Place, Surrey that has more than 4 acres in the desirable area of South Surrey. The Property provides convenient access to Highway #99 and neighborhood amenities such as restaurants, cafes, grocery stores, banks and other local businesses.

Land

FAQ

What is a strata wind-up?

A strata wind-up is a process wherein owners within a strata corporation work together to market and sell their property to a developer or investor. The Strata Property Act was amended in 2016 to lower the approval threshold from 100% to 80% to allow owners to consider this opportunity.

Why would my building consider a strata wind-up?

As owners plan for the future of their buildings, we believe there are three pieces of information they need to make an informed decision: the value of their home on the residential market, the cost of any repairs required for the building over the next two, five and ten years, and the value of their strata lot based on a wind-up. Some owners choose to wind-up to capitalize on large financial gains, others to avoid large special levies, but all owners should be informed prior to making any big decisions.

Do I need to hire a commercial realtor for a strata wind-up?

Yes, the strata will need to engage a realtor to market the property. A comprehensive marketing strategy is required to ensure the maximum value is achieved for the ownership and to satisfy the court to then approve the sale.

What percentage is required to approve a wind-up?

The Strata Property Act now requires a minimum of 80% of the voting rights in the Strata Corporation to approve the sale and wind-up of a property. Unlike other votes, the support for the wind-up resolution is calculated based on all voting rights, not just the actual votes.

What is the strata wind-up process?

Please contact our team for a detailed overview of the wind-up process.

How can my ownership maximize returns from a strata wind-up?

The wind-up process is designed to create the best outcome for strata corporations that are willing to work together. Please invite us to provide information to your council and ownership early in the process and let us assist your strata in paving the road to a successful outcome.

Our Experts

Hart Buck

Vice President | Personal Real Estate Corporation

Vancouver

Call now +1 604 662 2646

Call Mobile +1 604 727 7001

Hart is a Vice President in the Vancouver office of Colliers International. He is a senior member of the Land and Investment group having joined Colliers in 1985. Hart’s early specialization in development land sales has allowed him to create many long-term relationships within the development community. These relationships include developers, consultants associated with the development process, and municipal planners and officials, all of which offers Hart’s clients access to critical elements of the development process required to complete a development land transaction. Recent changes to the Strata Property Act have allowed Hart to show case his expertise in the Court approved sales process which is a requriment of a Court sanctioned Strata Wind Up.

As an active member of the Vancouver Urban Development Institute Hart is able to keep in touch with the market and maintain the relationships that allow the exchange of ideas and information within it.

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Jennifer Darling

Senior Associate

Vancouver

Call now +1 604 694 7271

Call Mobile +1 778 837 5900

Jennifer joined Colliers in September, 2015 as a member of the Western Canadian Acceleration Program. She specializes in the sale of Redevelopment Land and Investment Properties. Jennifer has established expertise in the newly adopted Strata Wind Up Process in British Columbia. She assists Strata Corporations through the Wind Up process to allow their owners to capitalize on significant profit opportunities and transition smoothly into new ownership.

She previously worked for Speedo Canada (PVH Canada, Inc) and was responsible for all contract and sponsorship management as well as national sales and marketing initiatives.

Jennifer is a graduate of McGill University where she studied business with specializations in marketing and accounting. She is currently a candidate in the Diploma in Urban Land Economics program at the University of British Columbia specializing in Development.

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See Why 650+ Owners Choose Colliers

“Our trust in Hart and Jennifer has been well-rewarded, not just financially, but in their attention to detail and analysis, their breadth of contacts in the Vancouver and international real estate market… and their focused, client-centric approach to personal and business relationships.” – Rob Thompson, VR120

“Throughout the long and intensive process, which lasted well over a year, the winding up of Bel-Ayre Villa was a success, thanks to Hart and Jennifer who never took their eyes off the ball.” – Chris Green, VR1966

“The Colliers professional team is diverse and recognizes that strata owners are selling their home, while the role of the commercial broker is in marketing the land.” – Linda Delparte, NWS608

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Strata Wind-Up

Guide your strata corporation through the wind-up and sale process

Ensure a Seamless and Profitable Strata Wind-up and Sale Process

Featured Properties

Featured Properties

FOR SALE | Large Scale Development Opportunity in Port Moody

FOR SALE || 10 Unit Strata Wind-up on Oak Street

FOR SALE || 4.56 Acres for Redevelopment in South Surrey

FAQ

What is a strata wind-up?

Why would my building consider a strata wind-up?

Do I need to hire a commercial realtor for a strata wind-up?

What percentage is required to approve a wind-up?

What is the strata wind-up process?

How can my ownership maximize returns from a strata wind-up?

Our Experts

Hart Buck

Jennifer Darling

See Why 650+ Owners Choose Colliers

Lets Get Started!