Facts: Dispute over property sale by Accountable Mortgage Investment Corp. to BC Transportation Financing Authority for $22.5 million.
Issue: Opposition to the sale due to potential impact of Bill 47 and its effect on the property's value.
Court's Ruling: Sale approved, finding the property was adequately marketed and the sale process was conducted properly. Concerns about Bill 47 were considered speculative.
Costs/Damages: The successful party, Accountable Mortgage Investment Corp., was awarded the following costs/damages:
Return of the Deposit: $125,000
Return of the Extension Fee: $100,000
Costs: Entitled to their costs on scale B, unless further submissions are provided within 30 days from the pronouncement of the reasons??.
