Consumer Alert: Murrayville House development in receivership

0981478 B.C. Ltd., whose sole director is Mark Chandler, is the developer of the 92-unit Murrayville House development in Langley. On October 4, 2017, the Supreme Court of British Columbia appointed The Bowra Group Inc. as the receiver of 0981478 B.C. Ltd. The receiver is now responsible for any marketing of Murrayville House in compliance with the terms of its appointment by the court and with the Real Estate Development Marketing Act (REDMA) that is administered by the Superintendent of Real Estate.

Under REDMA, a receiver is required to file a new disclosure statement and provide it to purchasers. REDMA provides purchasers with a right to rescind the purchase within seven days of receiving an opportunity to read the disclosure statement, and requires deposits paid by purchasers to be held in trust by a lawyer, notary public or licensed real estate brokerage.

Prior to the receivership, the Superintendent of Real Estate issued a cease marketing order to 0981478 B.C. Ltd. on September 8, 2017, and that order remains in force. As explained above, only the receiver may market Murrayville House subject to the requirements of REDMA and the court.

More information

• The Bowra Group Inc. website (will open in a new tab)
• The Superintendent of Real Estate’s September 8, 2017 order to 0981478 B.C. Ltd. is available here (will open in a new tab)
• Real Estate Development Marketing Enforcement Action website (will open in a new tab)
• Real Estate Development Marketing Act (will open in a new tab)

Purchasers should seek professional advice

• Purchasers at Murrayville House should contact a lawyer to fully understand their legal rights and remedies with respect to their purchase agreements, claims by other purchasers, claims by lenders and other creditors, the treatment of deposit monies, the Real Estate Development Marketing Act, and any other relevant legal matters.
• Purchasers should also consult any licensed real estate broker assisting with the purchase.

Purchasers are invited to contact OSRE

• Purchasers at Murrayville House who have not already contacted the Office of the Superintendent of Real Estate are invited to do so. The Office of the Superintendent of Real Estate may be contacted at:
  • Phone 604 660-1883
  • Toll-free 1 855 999-1883
  • Email RealEstate@gov.bc.ca