Bit different. The condo is a legal company ,collects fees To operate the building maintenance and repair, insurance, snow removal, etc. All owners vote yearly on changes to bylaws, or projects to be done.
I.e.hypothetically there could be laws about no blue patio furniture, however if majority of owners vote for allowing blue, then it gets changed. Its an owner run corporation.

I see. Definitely sounds slightly better. HOAs were supposed to be like that at one time here, but then they became miniature dictatorships.

Kind of ironic that as a Coal Harbour resident, the scariest person of the neighbourhood is a bald white dude that harasses any visibly vulnerable that passes by, also random people at times but he's a bully so he prefers harassing the homeless, delivery drivers and random minorities. He lives at the building right in front of mine and I'd trade him for getting as new neighbours 10 currently unhoused citizens undergoing treatment, because this bald fuck surely isn't treating whatever he has going on. Fucking "concerned citizens", much worse than whoever makes them clutch pearls.

We are building equity rather than losing rent money monthly

This meme has to die, there's so much knowledge out there on how to properly do the math on this

It's fun when people allude to having knowledge they don't display or share. Makes them look like they're feeling smugly superior while also contributing absolutely nothing to anyone.

It's the daddy's money of social media.

Yes I did math, our mortgage at 2% interest is $1700, to rent this condo from a landlord would be $3500. In 5 years the property value has gone up $200K. So our equity is now close to $300k after 5 years. I could sell this year and have 300k cash. What would you have at 3500 a month to a landlord?

Yeah HOA in USA often seems like the current HOA owns the property sale rights, and can block a sale. Strata has no say in the sale, it is an owner to owner deal.

A lot of people complain about strata being restrictive, but guess who doesn't show up to vote at the meetings; Same people who don't want to join council when the new one is voted in each year.

you usually get a lawn…

Fish don't need bicycles, and we don't need to hoard greenspace when it can be consolidated very well into something useful by so many more people.

At larger scale, consolidating greenspace surrounding clusters of effective dense mixed-use residential cuts land-use tremendously, re-wilds a lot of other space or returns it to agriculture, and achieves the density required for better transit and savings on infrastructure costs. The housing has to be effective, and I think the new "mixed-use consolidated over a transit stop" configuration is a definite winner ... as long as it's not wood (aka Fire's Favourite Food).

There’s a certain threshold at which I won’t bother. Saying that renting is loosing money instead of equity building is the real estate equivalent of being a flat earther.

Carney was actually just asked about the housing crisis, here it is at 20:30 into the video:

https://m.youtube.com/watch?v=q_C9a5BWiTE&pp=ygUQY2FybmV5IHF1ZXN0aW9ucw%3D%3D&start=1227

I'll have to trust you that you live in a place with bizarre market dynamics where mortgage is cheaper than rent for the same unit, or maybe you're the king of real estate deals or got lucky with a panic seller. Even in that situation, there's a whole lot of numbers missing from that calculation. Property taxes, maintenance, opportunity cost of investing the downpayment, insurance, whether your investments would be taxable or tax sheltered, expected RE growth, a time horizon of 20 to 60 years etc. You will be better off using a proper calculator made by a CFP.