High Bar to Establish Developer Breached Contract for Pre-Sale Condo Allowing Purchaser to Walk Away
By EsqSocial Corporation 27/09/23
During this period of rising interest rates and high inflation, some purchasers of pre-sale (also known as pre-construction) condominiums may be experiencing buyer’s remorse as their closing date approaches. In many cases, purchasers signed contracts of purchase and sale years ago when economic conditions were different. Some purchasers may be tempted to not close by arguing the developer breached the contract in some way....
By: Blake, Cassels & Graydon LLP