The B.C. government has filed 13 separate lawsuits against buyers of condos at Victoria’s Vivid building, accusing them of violating purchase agreements requiring them to live in the units as a primary residence for at least two years, while also suggesting the buyers were actually wealthy investors taking advantage of a below-market rate affordable housing program.
The real estate agent involved in many of the transactions, Janet Yu, also bought one of the units for herself, but denies any wrongdoing.