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………..