[jsbertram]

During the "Leaky Condo Crisis" in Vancouver, I remember reading an article in a local magazine (Georgia Straight?) that tried to wake up people to the coming 'end of use' crisis that is already happening with condos built in the 50's and 60's (or apartment -to -condo conversions at the time). Some of these half-century old buildings were causing problems with the current owners who are stuck with major repairs to keep these old buildings functioning, usually caused by previous condo owners / strata councils doing the bare minimum maintenance possible that was still affordable to the owners at the time.

With the shoddy construction (and slap-dash repairs) of the "Leaky Condo Crisis" buildings, the article noted that some leaky condo owners will still be paying off their condo mortgages and the loans for the repairs around the same time that the major components of the building will need their 20 / 25 / 30 year service-life replacement, so strata boards need to be preparing today for the major building maintenance needed 2 or 3 decades down the road.

The article also pointed out that the oldest condos will need to be demolished & replaced after 50 or 60 years because of poor maintenance, but because the building is strata-owned, a small group of condo owners can refuse to sell and move - preventing the building demolition. There is nothing in the law (yet) that I've seen that outlines how a condo building can be vacated and demolished without current owners losing their lifetime investment in their condos.