Real Estate Development Marketing Act

REDMA’s Reach #456

Legally Speaking

The Real Estate Development Marketing Act (REDMA) regulates the marketing within British Columbia of development properties located inside and outside of BC. A recent BC Supreme Court decision considered the extent of the concept of “marketing” a development property in BC.1 A developer constructed a multi-unit high rise condominium project in Edmonton, Alberta. The units

A Developer Must Disclose All Amendments to a Disclosure Statement #431

Legally Speaking

An anticipated result of the current economic situation has been in increase in litigation concerning condominium unit pre-sales. One such recent B.C. Supreme Court case relieved an unhappy purchaser from his obligations under the purchase agreement because the purchaser did not receive all of the amendments to the disclosure statement at the time of purchase.1