New hitch for group condo sales causing anguish among residents (ON)

/ Owner - July 7, 2017

It is already hard enough to get 22, or 50, or 179 people to agree to sell their condos en masse to a developer – the real estate trend that is currently dominating conversation in many strata buildings in the Lower Mainland.  But, it turns out, there is a new wrinkle people are discovering that makes negotiations even more fraught.  The current wave of group condo sales has been prompted by a change in legislation this year that allows the sale of an entire condo building to go ahead even if only 80 per cent of the owners agree.    Read the article………………

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