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

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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