SALES AT FORMER VANCOUVER OLYMPIC VILLAGE FAR EXCEED ORIGINAL ESTIMATES
BY NEAL HALL
The financial health of the former Olympic Village project is improving, according to a second receiver's report released today.
The report by Ernst & Young says there is occupancy of more than 60 per cent of the residential units at the Village on False Creek
The receiver has estimated an occupancy of 70 per cent by July 31 "given the strong sales and rental activity now underway."As of Monday, 124 strata units have been sold at a value of more than $84 million, with most of the sales expected to close by the end of this month the report said
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