CONDO Builder CANCELLED Your Condo Project? What Will Happen? скачать в хорошем качестве

CONDO Builder CANCELLED Your Condo Project? What Will Happen?

What Happens When a Pre-Construction Condo Project Gets Cancelled? 🏗️ Buying a pre-construction condo can feel exciting… until the builder cancels the project. In today’s challenging condo market, this is happening more often than buyers expect — and the results can be frustrating. In this video, we break down the 3 most important things you need to know if your builder or condo project goes bust: 1️⃣ No Compensation – Most agreements allow builders to cancel under certain conditions, and buyers aren’t entitled to damages for market gains, legal fees, or lost opportunities. 2️⃣ Deposit Refund Only – Typically, you’ll just get your deposit back (sometimes with minimal interest). 3️⃣ You Can’t Force Construction – Buyers have no legal power to compel a builder to finish. Complaints can be made to the Home Construction Regulatory Authority (HCRA), but Tarion cannot force completion either. ⚠️ Bottom line: Pre-construction comes with risk. Always understand your rights before signing. 👉 If you found this video helpful, don’t forget to like, subscribe, and hit the bell so you don’t miss more updates on real estate law, pre-construction condos, and buyer rights. 📌 Have questions or want to share your experience? Drop them in the comments below! Alex Macale | Macale & Associates C21 Leading Edge Realty Inc. fb:   / alexmacalerealtor   IG:   / filipinorealtor   Website: https://www.alexmacale.ca