B.C. facing a shortage of strata property managers, industry reps say
British Columbia is facing a shortage of strata property managers, according to those who work in the sector.
In the next few years an exodus of nearly 50 per cent of property managers is expected due to retirement.
“We’ve got an aging demographic of property managers that are now starting to retire in the industry and this has caused a very urgent situation where property management is short of not only experienced strata managers, but strata managers, period,” said Chris Churchill, the president at FirstService Residential, a property management company.
According to the BC Financial Services Authority, there are currently 1,454 licensed strata property managers in the province, but Churchill, said less than half of them are actively managing portfolios.
“What we’re seeing is that the number of stratas is going up and the number of property managers is staying approximately the same,” added Jason Kurtz, a vice president and managing broker at Stratawest Management.
Churchill said the problem has been ongoing for the past eight to 10 years. To resolve it, he believes the industry needs support with funding, recruitment and training.
“If people aren’t well trained and not able to spend the time that is required to make sure that buildings are properly kept up, things will fall apart, hopefully not to a dangerous degree,” Kurtz said.
Having worked as a property manager for about two decades, Kurtz said it’s a career path many people don’t think about, but with starting salaries bet ween $60- and $70,000, he hopes getting the word out will help entice people to join.
“We’d love more people to consider this as a career,” he said.
CTVNews.ca Top Stories
Flights divert around western Iran as one report claims explosions heard near Isfahan
Commercial flights began diverting their routes early Friday morning over western Iran without explanation as one semiofficial news agency in the Islamic Republic claimed there had been 'explosions' heard over the city of Isfahan.
American millionaire Jonathan Lehrer denied bail after being charged with killing Canadian couple
American millionaire Jonathan Lehrer, one of two men charged in the killings of a Canadian couple in Dominica, has been denied bail.
Nearly half of China's major cities are sinking, researchers say
Nearly half of China's major cities are suffering 'moderate to severe' levels of subsidence, putting millions at risk of flooding especially as sea levels rise.
Prince Harry formally confirms he is now a U.S. resident
Prince Harry, the son of King Charles III and fifth in line to the British throne, has formally confirmed he is now a U.S. resident.
Judge says 'no evidence fully supports' murder case against Umar Zameer as jury starts deliberations
The judge presiding over the trial of a man accused of fatally running over a Toronto police officer is telling jurors the possible verdicts they may reach based on the evidence in the case.
Health Canada to change sperm donor screening rules for men who have sex with men
Health Canada will change its longstanding policy restricting gay and bisexual men from donating to sperm banks in Canada, CTV News has learned. The federal health agency has adopted a revised directive removing the ban on gay, bisexual and other men who have sex with men, effective May 8.
Colin Jost names one celebrity who is great at hosting 'Saturday Night Live'
Colin Jost, who co-anchors Saturday Night Live's 'Weekend Update,' revealed who he thinks is one of the best hosts on the show.
Sports columnist apologizes for 'oafish' comments directed at Caitlin Clark. The controversy isn't over
A male columnist has apologized for a cringeworthy moment during former University of Iowa superstar and college basketball's highest scorer Caitlin Clark's first news conference as an Indiana Fever player.
'Shopaholic' author Sophie Kinsella reveals brain cancer diagnosis
Sophie Kinsella, the best-selling author behind the 'Shopaholic' book series, has revealed that she is receiving treatment for brain cancer.