En Bloc and Collective Sale: How It Works

Glossary Updated
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Quick Definition
An en bloc sale (collective sale) occurs when owners of at least 80% (for developments over 10 years old) or 90% (under 10 years) of strata area and share value agree to sell the entire development to a single buyer, usually a developer for redevelopment.

What Does It Mean?

En Bloc Sale

An en bloc sale (collective sale) occurs when owners of at least 80% (for developments over 10 years old) or 90% (under 10 years) of strata area and share value agree to sell the entire development to a single buyer, usually a developer for redevelopment.

Collective Sale

A collective sale is the process by which individual unit owners in a strata development collectively agree to sell the entire property. The sale is governed by the Land Titles (Strata) Act and requires approval from the Strata Titles Board if not all owners consent.

Worked Example

Example en bloc scenario for a 100-unit development on 50,000 sqft land:

80%
Consent Required (>10 yrs old)
$100M
Example Reserve Price
$1M+
Per Unit (varies by share value)

En bloc potential is highest for developments with short remaining leases, low plot ratios, and large land areas in desirable locations.

Why It Matters

En bloc potential is a key investment factor for older condos. Properties in prime locations with large land areas and low existing plot ratios offer the highest en bloc premium potential.

Where to Find This on ShiokNest

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Frequently Asked Questions

How long does an en bloc process take?
Typically 1-3 years from the formation of a Collective Sale Committee to completion of the sale. Add another 2-3 years for the developer to redevelop.
What if I don't want to sell in an en bloc?
If the required consent threshold (80% or 90%) is reached, minority owners can object to the Strata Titles Board, but the sale can still proceed if the Board approves it.

This glossary article is auto-generated from ShiokNest's financial data and updated periodically. Rates and figures are current as of March 2026. Check official sources for the latest.