Condo Smarts: In liquidation, amount paid for each unit depends on original formula

Dear Tony: We hope you can write one more column about liquidation. Our strata was created in 1974 and our owners are considering selling the property. It is a four-floor walkup in upper Lonsdale, in North Vancouver, with no elevator and an old boiler with a failing heating system. This community has been a wonderful home for many of us and a great community, but we have all aged. Our property values as individual units are low, but an investor has made a very generous offer to the owners as a collective.    Read the Q&A………..


Related Articles

Man found dead after condo fire in Estevan

A fire at a condominium complex in Estevan has claimed a man’s life.  Police say 40-year-old Michael Mure likely died

Police search for suspect who allegedly broke into downtown condo, flooded building

Toronto police have released a security camera image of a man who allegedly broke into a condo downtown and caused

Condo Smarts: Who should pay to fix vandalized mailboxes?

Dear Tony: Our strata corporation is a townhouse complex of 88 units on mid Vancouver Island. Near the entry gate,