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The new land rush: Getting condo owners to sell out en masse for redevelopment

March 2nd, 2016 · No Comments

The province is about to finalize legislation this spring to allow strata councils to sell buildings with only 80 per cent of owners in agreement, as opposed to the currently required 100 per cent.

This, combined with the fact that developers are frantically searching for redevelopment sites as cities have rezoned areas for higher densities, is likely to set off a wave of sell-offs.

Here’s what it was like for one group of owners that went through the process.

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