Those that think they have saved money by paying the Northmont ransom may be in for a surprise. Effectively this court ruling provides Northmont with a blank cheque to use the timeshare owners as their personal money machine for renovating a faulty building complex for their benefit. The buildings were not constructed according to code; buildings that should have had a lifetime of at least 50-60 years are failing after only 15 years. Buildings will continue to fail and Northmont will have free rein to demand renovation money which they will use to upgrade, beautify, and market the complex for timeshare or condominium sale. The TS owners will be at the mercy of unscrupulous resort owners; the TS owners do not have the protection of the courts; and they do not have representation in resort management and financial decisions. Only the naïve or a fool would want to be part of that dismal future.
Judge Fitzpatrick ruled that the litigation group's case was without merit, vague, etc.; that no fundamental breach had occurred. I do wonder how many TS owners would have bought into the complex had they known the buildings were not built according to code; that there were numerous construction shortcuts; that the TS owners would be responsible for correcting deficiencies. My guess would be about ZERO.
Further, how many think it reasonable that you pay, say $16,000, to acquire a timeshare, then when the complex fails because of construction deficiencies, that the Management asks you to pay once again to give the timeshare back. Ridiculous!
This is a decision of big business over the consumer. I was always uneasy that the courts in B.C. would rule against a major B.C. tourist attraction being put at risk of failure and bankruptcy. Instead the courts backstopped some rich investors, owners, and managers from the consequences of inept construction and bad decisions in order to keep the facility alive.
The ruling repeated several times, "If the timeshare owners don't pay, then who does?" My answer would be not the TS owners who bought into the complex in good faith, but the developers, owners, and managers who made these dumb decisions.
The judge tipped her hand on whose side she was on when, without being asked, she awarded costs to Northmont. Does that mean the TS owners are paying Northmont court costs twice - once when Northmont funds their court costs from TS owner's maintenance fees and again with the awarding of costs? Is this a subliminal message from the Judge not to appeal because it will be expensive?