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.
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.
