Published May 26, 2026, 11:04 a.m.

Dozens of Pre-Sale Purchasers in Troubled Lower Mainland Condo Tower Claim Contracts Invalid

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Image 4: Dozens of purchasers of pre-sale units at Burnaby's Eclipse tower are goingt o court in a bid to invalidate their contracts. The project was forced into creditor protection in January 2025 amid financial problems. — Dozens of pre-sale purchasers in troubled Lower Mainland condo tower claim contracts invalid

Dozens of purchasers of pre-sale units at Burnaby's Eclipse condo tower are taking legal action to invalidate their contracts, claiming they were misled about the developer's financial situation. The developer, Thind Properties, entered creditor protection in January 2025, which has raised serious concerns among buyers.

Image 5: A sign that says Thind Properties. — Dozens of pre-sale purchasers in troubled Lower Mainland condo tower claim contracts invalid

Image 6: 0bd5c1cd615gp8pk3pm5k5810b — Dozens of pre-sale purchasers in troubled Lower Mainland condo tower claim contracts invalid

The case involves over three dozen buyers who allege that they would not have entered into contracts had they known about the developer's significant debts, including a $12 million tax bill to the Canada Revenue Agency. The situation has escalated to a B.C. Supreme Court case, where buyers are challenging the enforceability of their contracts under the Real Estate Development Marketing Act.

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As a seasoned real estate agent in Greater Vancouver, I see this case as a pivotal moment for buyer protections in our market. The outcome could reshape how developers operate and how buyers approach pre-sale purchases, emphasizing the need for transparency and due diligence.