Do your due diligence.
https://www.cbc.ca/news/canada/calga...suit-1.5018766
Do your due diligence.
https://www.cbc.ca/news/canada/calga...suit-1.5018766
Every multifamily condo development in this city is built by a numbered company.
Seems pretty smart by the "main" company to organize thier affairs and have essentially zero liability longer term.
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Almost like they know what they're doing.This quote is hidden because you are ignoring this member. Show Quote
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This isn’t just limited to multi res... separate corps for land vs construction in the burbs is a fun one too when things go south. Bill the limited homes that took possession with an HOA fee to cover the costs of holding the land
This quote is hidden because you are ignoring this member. Show QuoteFigured as a realtor, you'd know this already? This is like a repeat story of every single shoddy built condo in the past 10 years where owners get the shaft and nobody is responsible.This quote is hidden because you are ignoring this member. Show Quote
Originally posted by SEANBANERJEE
I have gone above and beyond what I should rightfully have to do to protect my good name
Mine was definitely built by Jager... 50 years ago.
Really sucks as a contractor too when dealing with these companies as well.
There are a few buildings in Calgary in major trouble right now based on the lawsuits I have going right now... (obviously can't mention)
Their special assessment in the 24k range being the highest isnt that bad. It sucks but not unexpected in a 10 yr old building. Curious how their statute of limitations will come into play for the buildings.
Interestingly enough the article makes it seem like there is no liability for the builder. Their wouldnt be a lawsuit if that was the case.
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I know a lawyer my one board was going to hire mentioned when one builder gets sued they counter sue every trade that worked on the project just to bog down the condo boards with more expenses in the hope's they stop the law suit.This quote is hidden because you are ignoring this member. Show Quote
Just sharing the story.This quote is hidden because you are ignoring this member. Show Quote
There are very few builders I would trust these days.
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I can't really take that opinion seriously that it's not unexpected in a 10 year old building. That's ridiculous!
Originally posted by SJW
Once again another useless post by JRSCOOLDUDE.
Originally posted by snowcat
Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.^^ Fact CheckedOriginally posted by JRSC00LUDE
I say stupid shit all the time.
Its pretty expected in Calgary though. Anything built after 2002 is a going to have problems.This quote is hidden because you are ignoring this member. Show Quote
Is that the Calgary attitude, it’s expected?This quote is hidden because you are ignoring this member. Show Quote
Sad that people think this way.
That's what I am getting at, it shouldn't be acceptable because it is ridiculous that could be "expected".This quote is hidden because you are ignoring this member. Show Quote
Originally posted by SJW
Once again another useless post by JRSCOOLDUDE.
Originally posted by snowcat
Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.^^ Fact CheckedOriginally posted by JRSC00LUDE
I say stupid shit all the time.
I understand why they would do this.
But why wouldn't big multinationals with liability issues (Exxon, BP, SNC Lavelin) do the same thing?
And if those companies aren't allowed to do that, then clearly home builders shouldn't either. Its ridiculous that a company can protect itself from shoddy work by setting up essentially shell companies.
If you buy into a condo understanding the risks then an assessment wouldnt be unexpected. They happen. Also just because an assessment is done doesnt mean that was the only solution to the problem. For example a board can choose to assess for the repair even though there is enough in the reserve fund to cover the costs.This quote is hidden because you are ignoring this member. Show Quote
It sucks.. but does anyone buy a condo expecting things to be perfect?
Nothing wrong with numbered companies, the issue is the people behind them. There needs to be tighter regulations in place so these people can’t get away with fucking people over so they can line their pocket books and drive their Lambos.This quote is hidden because you are ignoring this member. Show Quote
We didn't have enough skill trade.This quote is hidden because you are ignoring this member. Show Quote
Market was on a tear and building rapidly.
New building codes and ever decreasing quality and increasing complexity of all mechanical hardware.
= shit buildings everywhere.
Now we have a shit economy but same effect. Builders running out of money, using cheap material and cheap labour to squeeze every cent out of their over priced lots to build townhomes and infills.This quote is hidden because you are ignoring this member. Show Quote
I wouldn’t touch 95% of the garbage being built these days
I don't think the building is that old. My inlaws live there, believe it is only ~4yrs old.This quote is hidden because you are ignoring this member. Show Quote