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
BREAKING Police investigating shooting outside of Drake's Bridle Path mansion: source
Toronto police are investigating a shooting that took place outside of Drake’s Bridle Path mansion early Tuesday morning, a source tells CP24.
There's actually no such thing as vegetables. Here's why you should eat them anyway
The rumours are true: Vegetables aren't real — that is, in botany, anyway. While the term fruit is recognized botanically as anything that contains a seed or seeds, vegetable is actually a broad umbrella term.
'It looked so legit': Ontario man pays $7,700 for luxury villa found on Booking.com, but the listing was fake
An Ontario man says he paid more than $7,700 for a luxury villa he found on a popular travel website -- but the listing was fake.
The Met Gala was in full bloom with Zendaya, Jennifer Lopez, Mindy Kaling among the standout stars
The Met Gala and its fashionista A-listers on Monday included Jennifer Lopez, Zendaya and a parade of others in a swirl of flora and fauna looks on a green-tinged carpet lined by live foliage.
3 Indian nationals accused of murdering Hardeep Singh Nijjar facing court in B.C.
Three Indian nationals accused of murdering Sikh activist Hardeep Singh Nijjar are due to face court Tuesday over the killing that triggered a major diplomatic rift with India.
Israeli forces seize Rafah border crossing in Gaza, putting ceasefire talks on knife's edge
Israeli tanks seized control of Gaza's vital Rafah border crossing on Tuesday as Israel brushed off urgent warnings from close allies and moved into the southern city even as cease-fire negotiations with Hamas remained on a knife's edge.
Canadian cadets rock mullets and place second at U.S. military competition
Sporting mullets, Canadian Armed Forces officer cadets placed second in an annual military skills competition in the U.S.
Highlights from the 2024 Met Gala exhibit: Sleeping Beauty would wake up for these gowns
Sure, she was a royal princess and all. But there’s no way Sleeping Beauty — either before or after her nap — ever had quite the fabulous wardrobe that’s been assembled at the Metropolitan Museum of Art.
Noelia Voigt resigns as Miss USA, citing her mental health
Noelia Voigt, who was crowned Miss USA in November 2023, has announced she is resigning from her role, saying the decision is in the best interest of her mental health.