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Volume 47, No. 8

B.C. Reg. 157/2004

The British Columbia Gazette,

Part II

April 20, 2004

B.C. Reg. 157/2004 , deposited April 15, 2004, pursuant

to the REAL ESTATE ACT [Section 80]. Order of the Superintendent

of Real Estate, dated April 8, 2004.

Pursuant to

section 80 of the Real Estate Act , the

Superintendent of Real Estate orders that the attached regulation is made.

W. A. CLARK, Superintendent of Real Estate.

INDIVIDUAL EXEMPTION REGULATION No. 145

Rempel Development Group Ltd. and Grosvenor Capital Corporation

1 An offer for sale or lease, the sale or lease and any

assistance in the selling or leasing of the subdivided land that comprises all

or part of the land described as

the part of

Parcel Identifier: 011-056-754

South Half Lot 4

Section 15 Township 8 New Westminster

District Plan 3974

Parcel Identifier: 002-102-81

Lot 25

Section 15 Township 8 New Westminster

District Plan 33724

Parcel Identifier: 001-024-558

Lot 24

Section 15 Township 8 New Westminster

District Plan 33724

Parcel Identifier: 000-934-739

Lot 23

Section 15 Township 8 New Westminster

District Plan 33724

Parcel Identifier: 011-057-262

South 128 feet Lot 5

Section 15 Township 8 New Westminster

District Plan 3974

Parcel Identifier: 002-653-150

Lot 30

Section 15 Township 8 New Westminster

District Plan 38575

Parcel Identifier: 005-534-640

Lot 39

Section 15 Township 8 New Westminster

District Plan 40780

Parcel Identifier: 011-056-690

Lot 2 Except: Firstly: Part Subdivided by Plan 38575; Secondly: Part Subdivided

by Plan 40780;

Section 15 Township 8 New Westminster

District Plan 3974

that will be subdivided to create Lots 1 to 8 as shown

on the attached proposed site plan prepared by Focus Architecture and Planning

Ltd.

by or on behalf of Rempel Development Group Ltd. and Grosvenor

Capital Corporation, is exempt from

Part 2 of the Real Estate Act

on condition that

(

a) at the time of the transfer of title to the purchaser, or, in the case of a lease, at the time of the commencement of the term of the lease, the subdivided lot has no buildings intended for residential occupation,

(

b) Rempel Development Group Ltd. and Grosvenor Capital

Corporation keep all monies from purchasers or lessees in the trust account

of a solicitor or real estate agent until Rempel Development Group Ltd.

and Grosvenor Capital Corporation have complied with

section 940 of the

Local Government Act , and

(

c) Rempel Development Group Ltd. and Grosvenor Capital

Corporation notify all purchasers or lessees at the time of an offer for sale

or lease

(

i) that the offering is exempt from

Part 2 of the Real

Estate Act and that they will not receive a prospectus or a disclosure statement

receipted under the Real Estate Act and will not have the benefit

of any rights or protections afforded by

Part 2 of that Act, and

(ii) that the purchasers or lessees must comply with

Part 2 of the Real Estate Act if and when they offer strata lots

to be constructed on the subdivided land for sale or lease to the public.

Re: B.C. Reg. 157/2004

Pursuant to

section 6 of the Regulations Act , I hereby

exempt from publication the sketch attached to B.C. Reg. 157/2004.

This sketch may be inspected at the offices of the Financial

Institutions Commission, 1900, 1050 West Pender Street, Vancouver, B.C. V6E

3S7.

— P. GREENE, Assistant Registrar of Regulations.

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© 2004: Queen's Printer, Victoria, British Columbia, Canada