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Court Denies Developer’s Attempt to Terminate Pre-Construction Condo Purchase Agreement

/ Owner - May 1, 2018

After a developer attempted to unilaterally terminate a pre-construction agreement of purchase and sale because of delays in approvals and construction, the purchasers of a unit were successful in obtaining a court order for specific performance, which compelled the developer to close the transaction. (Jones v. 2341464 Ontario Inc.)    Read the article………………

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