New rules allowing B.C. condo buildings to be sold without unanimous approval heading to Supreme Court

A Vancouver man with cerebral palsy is being forced out of his home in one of the first condo building sales in the province to be held under new rules that allow owners to sell without a unanimous vote.  Bob Taylor, 69, lives at Twelve Oaks complex, an older low-rise building in Vancouver’s tree-lined Fairview neighbourhood.  But when a numbered company eager to develop the site offered $21.5 million, or twice the building’s assessed value, to purchase the property, 28 of the 30 owners in the building voting to sell.  Taylor was one of the two who wanted to stay.    Read the article……………


Related Articles

Condo act (AB) reforms not dead yet, despite prorogued legislature

Proposed amendments to Alberta’s Condominium Property Act are in limbo, but for some calling for changes this may be a

How builders, city planners are trying to create more family-friendly Toronto condos

The Goodtimes hope they’ll be able to live in their Queen West condo forever, but even they admit squeezing their

Condo problems that include ‘revenge flashing’ and loud music — here are people who can help

Latest census data shows that Toronto’s population grew by 4.5 per cent in five years and 44 per cent of