The
Real Estate Development Marketing Act (REDMA) was introduced to help 'shield' purchasers from uneven sales practices by requiring that developers provide disclosure statements to buyers. However, since the housing market slowed in 2008, purchasers have increasingly sought to use REDMA as a 'sword' to break their contracts.
We now have a number of BC court decisions examining REDMA claims. The cases have introduced new tests and disclosure requirements for developers, beyond what was specifically contemplated in REDMA. Developers are often left guessing as to not only
what information must be disclosed, but also
how and
when it should be disclosed to purchasers.
Mark Lewis is a Partner at Borden Ladner Gervais LLP and chair of UDI's Real Estate Legal Issues Committee. He will moderate this seminar and be joined by a panel of litigators sharing their experiences on recent important REDMA cases, including:
Shane Coblin, Kornfeld LLP
299 Burrard Residential Partnership Limited v. Essalat
Garth McAlister, McAlister Hallam
Bosa Properties (Edgemont) Inc. v. Ban
Alexandra Cocks, McCarthy Tetrault LLP
Tang v. Zhang and
Amiri v. One West Holdings
Come and learn about specific areas of concern for developers and sales & marketing professionals, and how your company can protect itself!
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