On February 15, 2022, the Owners, Strata Plan NWS289 ( “Cameray Gardens ”), located at 3925 Kingsway and 5715 Jersey Avenue, Burnaby, BC, held a special general meeting to consider resolutions (the “Wind-Up Resolutions ”) to wind-up Cameray Gardens and appoint Mr. Derek Lai of Crowe MacKay & Company Ltd. (the “Liquidator ”) as the liquidator of the strata pursuant to section 277 of the Strata Property Act. The Wind-Up Resolution passed, receiving received 93 votes in favour, representing 92.08% of the 101 strata units, and one vote against.
On May 13, 2022, the Owners, Strata Plan NWS289, commenced a petition in the B.C. Supreme Court seeking an order confirming the wind-up resolution passed at the Special General Meeting held on February 15, 2022. The petition is presently set to be heard on June 17, 2022. The petition was heard on June 17, 2022.
On June 17, 2022, the windup petition was heard virtually via Microsoft Teams. Justice Milman granted all of the orders sought and confirmed the wind-up of Cameray Gardens. This included confirmation of Derek Lai of Crowe MacKay & Company Ltd. as the liquidator for Cameray Gardens. That appointment is now effective and the Liquidator has authority over the affairs of Cameray Gardens. A copy of the Order is available for download in the website link below.
The Liquidator signed an exclusive listing agreement with the strata ’s real estate agents (TRG Commercial, NAI, CBRE, Marshall Macleod and David Ho) who are continuing to market Cameray Gardens. As part of this agreement, the realtors agreed to the termination of the prior listing agreements with the strata and individual owners so that no commissions are payable under those agreements.
The Liquidator also entered into a strata management agreement with Fraser Park Realty to provide daily strata management services as was previously done for the strata council. For all normal strata business, owners should continue to contact Fraser Park Realty (Hilaire Kalfon).
As of today, the Liquidator continues to work with the aforesaid real estate agents along with the strata council members towards a successful sale of the property.
For further information on this strata windup, please visit https://www.cameraygardenswindup.com/
For information on this opportunity, please contact:
Marshall MacLeod Brett Aura David Ho Robert Veerman
NAI Commercial TRG Commercial CBRE Limited CBRE Limited
(604) 694-7222 (604) 787-7746 (604) 662-5168 (604) 662-5139
[email protected] [email protected] [email protected] [email protected]