B.C. Supreme Court rejects condo-building sale attempt (BC)

A group of condominium owners won a huge court victory over their neighbours September 21 when BC Supreme Court Justice Warren Milman dismissed an attempt by a larger group of owners to wind up their strata corporation and sell assets to a developer.  Milman ruled that the strata corporation at Bel-Ayre Villa, at the corner of West 10th Avenue and Burrard Street, did not follow the process set out in the B.C. government’s Bill 40, which passed last year. The legislation loosened regulations for selling stratified buildings to allow for sales as long as 80% of owners support the transaction and a BC Supreme Court judge approves the sale.    Read the article…………….


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