The owners of this redeveloped West Vancouver home hoped to sell it for $6.5 million. According to the judgment, Chandler and his stepfather, Richard Baker, decided to redevelop the West Vancouver home Baker had owned for nearly 40 years, hoping to increase its value from $2 million to $6.5 million. On April 15, Elwood decided that the bank should sell the West Vancouver home first. Chandler and Baker are not the only developers to find themselves in trouble as Vancouver’s 2016 real-estate bubble bursts. It has rebranded itself as a boutique financial institution that specializes in wealth management, with much of its clientele based in West Vancouver and North Vancouver.

Source: thestar April 23, 2019 23:15 UTC