Leaky condos still a problem: local group
Posted October 21, 2011 12:46 pm.
This article is more than 5 years old.
VANCOUVER (NEWS1130) – They may not be reported as often, but leaky condos are still a problem in Metro Vancouver. The Coalition of Leaky Condo Owners says the repair costs are rising.
Per unit, reports of repair bills are running high right now. “In the range of $150,000 to $250,000,” says co-founder James Balderson,
He tells us it’s very important to do your homework into the long history of your building; looking a couple years just doesn’t cut it. “Much important information is buried in the records or completely cleaned out of the records. One must dig deep to find out what the real condition is.”
Real estate lawyer Eleanor Gregory says it’s been a long time since she’s heard of a leaky condo case. “I wouldn’t disagree that it is something to be aware of but we haven’t had inquires; not for years.”
“We probably settled a case [about] five years ago,” she adds.
