Loading articles...

Seller's remorse at heart of lawsuit of twice-sold Vancouver condo

Last Updated Sep 29, 2018 at 8:06 am PST

(THE CANADIAN PRESS Jonathan Hayward)

VANCOUVER (NEWS 1130) — A Vancouver woman has lost her lawsuit against the people who bought her condo, then re-sold it for more money a few months later.

A B.C. Supreme Court judge has ruled Gaynel Michelle Gordon is not entitled to damages.

She sold the unit on West 12th Avenue near Manitoba Street for $1.2 million to Stefan Morissette and Christina McPherson in October of 2015.

Gordon sued them and Faith Wilson Realty after learning the condo was re-sold approximately four months later for $288,000 more than what she was paid for it.

In a summary decision, the Justice G.C. Weatherill has determined the retired accountant didn’t suffer a loss when she agreed to sell the condo — for fair market value — to the buyers who placed the highest bid, even though she was hoping to get at least $1.3 million.

“Regardless, the evidence demonstrates that the Property was exposed to the market and the plaintiff received three offers to purchase it,” Weatherill’s summary reads.

“The offer she accepted was the highest of the three. There is no evidence that a higher offer would likely have been obtained had the Property been marketed any differently than it was.”

Her claim of negligence has also been dismissed because Gordon admitted she knew Morissette was a commercial realtor before the sale was finalized.