Common property in a strata development is owned by whom?

• A. The Strata Corporation
• B. Individual Strata Lot Owners
• C. All Owners Collectively
• D. The Municipality

Answer: (C)

In a strata development, common property is owned collectively by all the owners, through the strata corporation. The common property isn’t tied to any single unit; instead, it serves all units and is held by the strata corporation on behalf of every owner. Each owner, by being part of the strata, has an interest in that property through their membership in the corporation, which is the entity created to manage and maintain the shared spaces. The municipality doesn’t own it, and individual owners don’t own discrete portions of the common areas; ownership is exercised collectively via the strata corporation.