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Leaky Condos in Vancouver and Getting a Mortgage: Fun!

 So You’ve Got an Accepted Offer on a Leaky Condo, Can you get a Mortgage? Chad Watts, a Vancouver Mortgage Broker and I recently worked on a file were a first time Buyer fell in love with a gorgeous suite in a condo building in Vancouver with the classic Leaky Condo Syndrome. Fun! The accepted offer on the suite in the leaky condo was of course subject to financing, documents (ESPECIALLY the Engineering Report), and inspection among others. To make a long story short, the Buyer could not get a mortgage on the property. And here's why: What Mortgage…

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