Can a strata corporation mortgage common property?

No. Section 81 of the Strata Property Act, SBC 1998, c.43 prohibits a strata corporation from mortgaging common property. Strata corporations are able to borrow funds, but must do so using different kinds of security.

Oscar Miklos
Oscar Miklos is the founder and principal lawyer at Refresh Law in Burnaby and the founder of He regularly advises residential and commercial landlords and tenants, strata owners, strata corporations, property managers and insurance providers in all aspects of housing disputes.