In Findlay v. The Owners, Strata EPS401,[1] the BC Court of Appeal ruled that BC strata corporations lack standing to bring claims under section 22 of the Real Estate Development Marketing Act (“REDMA”) for damages arising out of a misleading disclosure statement. Findlay answers a long-outstanding question about the scope of REDMA claims, and offers significant, but not complete, protection to developers of strata projects. Below, we summarize Findlay and our key takeaways from the decision. Read the article…………………………….
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