Tag: Pre-construction

foreign buyer ban on pre construction condos

13 Jan

Can a foreign buyer enter into a purchase for a Pre-Construction Condo that closes after the 2-year ban?

The simple answer, is no. Although not exactly clear, the language in the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the "Act"), does...

18 Feb

Backing Out of a Purchase Agreement

Toronto has experienced the fastest growing market on record. Buyers have been participating in bidding wars, fighting hard to lock themselves into a contract on a...

21 Feb

CONDOMINIUM LAW: 10 Day Cooling Off Period and Giving Proper Notice of Rescission

The condominium market in Toronto is and has been hot over the past few years for a variety of reasons such a seeming stable Canadian economy,...