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Real-Estate-Development

B.C. developer, director fined $99K for causing ‘consumer harm’

by Anas Siddiqui
B.C. developer, director fined K for causing ‘consumer harm’

A Surrey, B.C.-based property developer and its director have been ordered to pay nearly $100,000 by the province’s real estate regulator for causing “consumer harm.” The B.C. Financial Services Authority …

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China Vanke sells land once earmarked for new HQ at a huge loss as embattled developer fights to reduce debt mountain

by Anas Siddiqui
China Vanke sells land once earmarked for new HQ at a huge loss as embattled developer fights to reduce debt mountain

China Vanke has sold a plot of land once earmarked for its new headquarters in Shenzhen for 2.24 billion yuan (US$309 million), almost 30 per cent less than it paid …

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A wave of defaults has real estate lawyers urging presale buyers to be cautious

by Anas Siddiqui
A wave of defaults has real estate lawyers urging presale buyers to be cautious

In 2021, Sudip Sehgall put down an $81,990 deposit on a yet-to-be-built townhouse in Surrey, B.C. While it was under construction, he occasionally visited the site to watch it grow. …

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