Squamish condo development in financial morass

Pre-sale buyers in court to try to get deposits back
Vancouver Sun, August 29, 2009

The Coastal Village develpment in Squamish, BC is seeking court protection from its creditors. This has frozen the pre-sale contracts of 105 buyers, making it difficult for purchasers to rescind the deals and retreive their deposits.

Harper Grey partner Bryan Baynham, QC represents 20 buyers. He went to BC Supreme Court on Monday, Aug. 31 to apply to have the court protection set aside, and to be named representative counsel for all pre-sale buyers in the complex who want to sign on. 

The full story was published in the Aug. 29, 2009 edition of the Vancouver Sun.