In June 2012, my colleague, Craig Ferris wrote about the B.C. Court of Appeal decision in 229 Burrard Residential Limited Partnership v. Essolat where the Court endorsed a strict application of the terms of the B.C. Real Estate Development Marketing Act (“REDMA”). There, the Court set aside a pre-construction sales contract and ordered the return of the purchase ...
On August 26, 2011, I blogged on the British Columbia Supreme Court decision in 229 Burrard Residential Limited Partnership v Essolat (“299”). 299 was seen as levelling the ground for disputes under the Real Estate Development Marketing Act (British Columbia) (“REDMA”). This decision increased the likelihood that developers would be able to enforce ...
Last summer, I blogged on the ever expanding body of jurisprudence arising from purchasers of “pre-built” condominiums attempting to use their rescission rights provided under the Real Estate Development Marketing Act (British Columbia) (“REDMA”) to avoid completing their condominium purchases. In particular, my blog related to the more developer friendly ...
I previously wrote on the legal issues faced by developers of residential condominium projects in British Columbia relating to the Real Estate Marketing Development Act (“REDMA”). The focus on REDMA compliance must not, however, distract a developer from focusing on more basic contractual compliance which can also create enforceability issues. A case in point is ...
The sale of condominiums in British Columbia is a big business. The financing for the development of these condominiums is often dependant on the successful marketing and sale of the condominium units prior to construction. These marketing and sale activities are governed by the Real Estate Development Marketing Act (British Columbia) (“REDMA”) which, among ...
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