06/08/2026
For Enbloc owners
Proposed changes to be discussed
Collective sale consent threshold lowered from current 80%.
40 - 59years years old ppty - 70% consent
60 years older
65% consent
Collective sales committee will have 6 mths to obtain signatures down from 12 months
Raising the treshold to initiate a collective sale with at least 35% of owners by share value or number of units from current 20% or 25%
Cooling off period extended from 2 yrs to 3 yrs