It would compensate original and early presale buyers at one of Vancouver\u0027s tallest towers with some of the city\u0027s most expensive condos.
strata minutes
The agreement, released in mid-March, allows two other pending legal actions by the two stratas that represent owners in the building to be underway again. The next hearing date for these is on April 24. These trials, which seek to recover costs under warranty from insurers and from developers, builders, architects and contractors, had been scheduled to start in October 2022 and take 130 days, but had been adjourned as the application for the class-action suit was being approved.Article content
If the settlement is approved, a total of $6.64 million will be paid after deducting for legal fees and administration costs. Cash payments will be divided among owners covered by the class-action depending on the size of their condo units, with the smallest estimate at about $8,870 and the largest at over $87,000.
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