Saturday, July 5, 2008

Bert Chapman - Willows Project survives receivership

Excepted from an article by Steve MacNaull in The Okanagan Saturday for July 5, 2008

The Willows—a 71-unit condominium in Winfield disrupted by a lien and subsequent
receivership-is ready to be completed.
Since work halted in January, receiver BDO Dunwoody has hired a new contractor to
finish the building on Bottom Wood Lake Road so people can start moving in this fall.
“All the contracts written before the receivership are being honoured at the prices
originally agreed upon, said Bert Chapman of Premier Canadian Properties, the Kelowna
real estate office marketing The Willows.
“While the receivership and the delay are unfortunate, it’s ended up to be a good news
story that buyers will get their condos at the original price.”
A few of the units that were not sold and became available because their original buyers
wanted out of their contract , will go on sale soon at higher prices that reflect the
Okanagan’s rising real estate values.

Steve MacNaull is a business reporter and columnist with the Okanagan Saturday. He
can be reached at