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Apr 9, 2019

Pre-construction sale cancellations: What are the options?

By: David Taub

CONDO BUSINESS:  March 2019 issue

What can a purchaser do when their agreement to purchase a pre-construction condominium unit is cancelled? This affects condo investors, or landlords, that buy multiple new units to lease out.

Over the last two years, multiple news headlines announced further cancelled pre-sale condominium projects. While there are many causes for the cancelled projects, two key reasons are the significant and rapid increase of both the construction costs and interest rates, which can cause projects to fail.

read full article here: David-Taub-Robins-Appleby-Pre-construction-sale-condo-cancellations-Condo-Business-Magazine-April-2019



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