Breaking News: Millennium Water Condo Development Controversy The media attention on the Millennium Water development has not waned in the months since the building went from being home to the world s top athletes to private condominiums. Most major media outlets have provided extensive coverage on the controversies as the City of Vancouver taxpayers may now be on the hook for $730 million in debt accrued as a result of unsold condos. Purchasers of pre-sale condos are welcome to contact the chair of Harper Grey s condo pre-sale litigation group, Bryan Baynham, QC with any questions via email or 604.895.2802. Recent Media coverage on the Millennium Water development: How city hall messed up Millennium Water , October 16, 2010, The Vancouver Sun It s time to resolve the Olympic Village fiasco , October 11, 2010, The Globe and Mail E-Street: Should the city of Vancouver sell off the Olympic Village social housing suites? , October 9, 2010, The Province Newspaper Millennium Water developers blame city , October 8, 2010, The Vancouver Sun Tax breaks on 452 empty condos , October 8, 2010 The Province Newspaper Taxpayers will get paid first, athletes village developer promises , October 7, 2010, The Globe and Mail Background: Disputes involving pre-sale contracts for condominium developments in British Columbia For the five years preceding October 2007, real estate development in British Columbia was booming. More condominium developments were being built and prices were higher than ever before. People who wanted to get in on the real estate boom - those seeking second homes, first-time buyers, people looking to retire, investors seeking to "flip" property in an escalating market - signed pre-sale contracts to purchase condos in yet-to-be-built developments. In many cases, units were sold-out before ground had been broken, allowing the developer to essentially finance the construction using the deposits provided for the pre-sale contracts. Then the economic crisis hit. Contract holders lost jobs or no longer qualified for mortgages on condos that were now ready for occupancy. Developers lost financing or went bankrupt, stalling construction or causing change to the original development design that had been sold to individuals. A wave of disputes arose in 2009 regarding what to do with deposits paid to developers. Harper Grey LLP represents pre-sale contract holders in dispute with developers over their contract or the finished product. Many of these developments have received significant media attention and case law is being developed. If you would like to interview one of our lawyers for an article or news story, please contact our marketing director, Natasha Chetty at 604.895.2863 or via email . Reporters, writers, editors and producers often ask our lawyers for quotes on stories they are covering. We also enjoy writing articles on legal topics for various publications and journals. Please direct any media enquiries to our Marketing Director, Natasha Chetty at 604.895.2863 $730 Million Debt on Unsold Olympic Village Condos Owed to Vancouver Taxpayers Extensive media coverage of problem-plagued development Harper Grey LLP Lawyer: Bryan G.
Harper Grey LLP is Prince George-based company (British Columbia, Canada) with a phone number 6046870411. Our data show that the company is located at the address: Centre 3200 Georgia 650 Vancouver St Vancouver. The company has a web site: www.hgelaw.com.
Unfortunately сompany staff has not yet provided of company's activities, mission and detailed description.