B.C. condo court case opens door to pre-sale walkouts

June 6, 2009

 Vancouver Sun article – by Derrick Penner published June05, 2009

A recent court decision that allowed a Richmond couple to walk away from their contract to buy a pre-sale condominium gives ammunition to dozens of buyers being sued by developers for failing to complete their purchases, say the lawyers representing some of them.

B.C. Supreme Court Judge Lynn Smith, in a judgment released Wednesday, ruled that Timothy and Teresa Dwane had the right to rescind their agreement to buy a $3.5-million condominium in a development called Coast at the University of B.C.

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