Caban Condos: Saskatchewan consumer watchdog investigates local company selling vacation properties [Video]

The province’s consumer watchdog is investigating a Saskatoon company selling luxury vacation condos in Mexico.

In a news release on Tuesday, the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) put out a public call for information about the activities of Regal Property Developments Ltd. and Regal Properties De Mexico S. de RL de CV — collectively referred to as Caban Condos.

According to the FCAA, neither the company’s owner Mike Delaire, nor the Caban Condos companies are registered in Saskatchewan to trade in real estate.

Delaire and Caban Condos were the subject of a joint investigation published last month by CTV News Saskatoon and the Investigative Journalism Foundation (IJF) that documented a pattern of complaints about the company’s practices, including high-pressure sales tactics and persistent delays in construction.

The investigative team spoke with 11 groups of buyers from across North America who say they spent their life savings or …