cbc marketplace
The buyer beware message of Real Estate Evolved resonates with CBC’s Marketplace coverage: – New Home Nightmares – Condo Crunch – How Not to Get Nailed
Buyer Beware
The Condo Liquidation Phenomenon…
This post is not about the slick (and mindboggling success of) marketing ploys of developers to “liquidate” their bulk over-supply of over-priced condos throughout Metro Vancouver; although just the thought makes me shudder. The condo liquidation phenomenon I am referring to here is likely to become more prevalent as more buildings realize that their short-sighted focus … Read more
Unproven 6-Storey Wood Frame Buildings Raise Serious Questions…
http://www2.news.gov.bc.ca/news_releases_2005-2009/2008HSD0079-001459.pdf It is difficult to understand the motivation of our provincial government to throw so much of the housing ministry’s resources into another initiative (this time 6-storey wood frame buildings) that does nothing to improve homeowner protection in BC. How are the same people that can’t build a 4-storey building right, possibly going to achieve … Read more
Is it a quirk of fate that the Sheraton Guildford Hotel leaks?
For many years the home builders association has been holding seminars for homebuyers at the Sheraton Guildford Hotel. Leaky Surrey hotel at centre of lawsuit -Ted Colley, Surrey Now – Published: Tuesday, August 26, 2008 As a co-founder of the Coalition of Leaky Condo Owners, I along with some of my concerned colleagues attended these … Read more
Buyer Beware; a public service seminar
With all the responsibilities of buying and selling real estate, the need for risk management is crucial. Whether pre-sale or resale, the onus for property evaluation is always on the buyer, although it is becoming more popular with sellers to have their own pre-sale inspection done to ensure that they are disclosing what needs to be … Read more
About Leaky Condos; the truth…
This is a follow up to this previous post which you might want to read as a backgrounder. The control of rain penetration relies on the exterior layer (the wall cladding) of the building envelope assembly to resist all rain penetration. This requirement has always been a requirement of the building code no matter what the envelope … Read more
Leaky condos mishandled by senior gov’ts…
Burnaby-New Westminster NewsLeader – June 25, 2008 Re: Fewer than half of leaky condos fixed so far: report It is interesting to read that more than $460 million has been approved by the Homeowner Protection Office (HPO) for no-interest leaky condo loans from the launch of the program to date. Since only about 20 per … Read more