Someone sold their condo to a Realtor who turned around and sold it for $288k more a few months later. A lawsuit followed:
She sold the unit on West 12th Avenue near Manitoba Street for $1.2 million to Stefan Morissette and Christina McPherson in October of 2015.
Gordon sued them and Faith Wilson Realty after learning the condo was re-sold approximately four months later for $288,000 more than what she was paid for it.
In a summary decision, the Justice G.C. Weatherill has determined the retired accountant didn’t suffer a loss when she agreed to sell the condo — for fair market value — to the buyers who placed the highest bid, even though she was hoping to get at least $1.3 million.
Read the full article here.