Built with a $53-million low-interest loan from the province to underwrite the below-market sale of family homes, Victoria’s Vivid condominium development was supposed to be a new model for affordable housing in B.C.
Then housing minister — and now premier — David Eby hailed the 2021 completion of construction on the 135-unit building in the provincial capital’s downtown as “great news” for middle-income British Columbians hoping to achieve the dream of home ownership.
But court documents obtained by CBC allege that as many as a dozen of those condos were sold to people who already owned property — in some cases multiple homes worth millions.
B.C. Housing claims
