This is a very common thing in Vancouver. In fact, it's so common that I'd suggest not buying anything here made in the 80s to the early 2000s. Unfortunately, it was a time period where lots of developers were putting up cookie cutter buildings and cutting corners.
If there is major work being done to your building envelope, 63k is actually pretty cheap.
It's really quite a shame. These buildings were largely put up due to sub-standard government control and tax breaks given by the government. The government has done absolutely nothing to help the affected people.
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