Comments on: Review of leaky condo crisis dropped

By: DEFAULT NAME

DEFAULT NAME — Sat, 16 Sep 2006 03:04:00 +0000

"Individual condo owners are facing costs ranging from $58,000 to more than $100,000 per unit to replace the building envelope, windows, insulation and rusted steel studs and beams. "

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By: DEFAULT NAME

DEFAULT NAME — Sat, 16 Sep 2006 03:02:00 +0000

http://tinyurl.com/frvuw
http://tinyurl.com/z7cmc
Vancouver Courier had an article in 2004 Dec 22 on leaky twin towers Pacific Point at Pacific/Homer. The “estimated” costs were tagged at $10.5 million.
The cost ranges from $58,000 to more than $100,000 per unit.
That was in 2004.

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By: pewter

pewter — Fri, 15 Sep 2006 20:58:00 +0000

Yeah, I think they are at least $50k per unit.

Does anyone know what the average repair cost per unit is in Vancouver? I have a friend that was able to sell their leaky condo and repairs for that one was estimated at around $55k. Crazy people actually bid up her asking price knowing it was a leaky condo, but this was more than a year ago.

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By: DEFAULT NAME

DEFAULT NAME — Fri, 15 Sep 2006 20:26:00 +0000

Has anyone seen 2 highrise towers +7yo on hazel st, behind Intracorps Centrepoint Burnaby. These condos have been draped in green tarpaulin sheets all summer. Must be massive repairs heard costs per unit owner each around 50k 60k 70k???

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By: digi

digi — Fri, 15 Sep 2006 18:07:00 +0000

Stuckinburnaby- I think that if this doesn't have anything to do with duplicity than the ignorance is on the politicians side.

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By: oswaldspice

oswaldspice — Fri, 15 Sep 2006 15:13:00 +0000

I purchased a place at Pacific Point (1331 Homer) in 2003 it was 850 sq foot and cost me $120,000 the assesment was $60,000 and the total budget for reno was around $10 million .

I sold 'cos it was too noisy next to Atlantis and walked away with $100,000 profit in just over a year. Probably should have held but when they started the work (just after I sold) they tore the walls off the building and it was very dusty and noisy. I think they are still working on the building, must be the third and final stage now.

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By: stuckinburnaby

stuckinburnaby — Fri, 15 Sep 2006 05:14:00 +0000

An ignorant dreg accusing a politicial of malice and duplicity? Say it ain't so!

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By: macchiato

macchiato — Thu, 14 Sep 2006 22:12:00 +0000

I am noticing a couple of "green" shaded buildings these days in older Yaletown, I would imagine those assessments on brick facaded concrete highrises must be well into 6 figures, poor bastards. Good 'ol porous concrete!

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By: richard

richard — Thu, 14 Sep 2006 17:49:00 +0000

From that same article:

Cummins (Delta-Richmond East), who was travelling to Ottawa Wednesday and couldn't be reached, has alleged that the Liberal government under Pierre Elliott Trudeau, by establishing energy-conservation building standards to prevent heat and moisture from entering or escaping homes, planted the seeds of the leaky condo crisis that emerged in the 1990s.

Cummins had earlier asked the Library of Parliament to research options for the Harper government to fulfil the "review" promise. The subsequent report, released in April, said a formal public inquiry would be the "best choice" to look into CMHC's "possible role" in the condo crisis.

Ah the time-honored tradition of blame-laying without accountability. And now we can't do a formal public inquiry because of another lawsuit? Thats a pretty lame excuse.