Vancouver Condo Sophia bites the dust.

sophia.jpg

Courtesy CTVGlobeMedia

Developer 0 - Buyers 0

78 Buyers won’t get to move into their new condos. Eden Development says the banks have taken over the project.

Choice is no Choice

Options for the Buyers - buck up more money or walk away and loose three years of market increase.

This has happened before according to CTV.

ctvca.jpg

Courtesy CTVGlobeMedia

Check this CTV News video for the full story - “Developer of The Sophia runs out of money”

Got a Vancouver Real Estate question? I’ll do my best to answer it. Call or send me an email. Larry

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