Condo Boom Is Back!

[Warren12]

Warren12, I believe assignments have to be fed through the developer, and they take a big cut. That there is a 1 week cooling off period certainly removes all barriers from buying on a whim. Just be absolutely sure that cancellation is done by the book and on time.

Yes, 1% I believe in this case. Not as strictly controlled as Woodwards. By the book is important... do you know if this is consumer-protection driven (like laws that certain states have around time shares) or REB driven, or something else?

[jesse1]

I believe this was a provision instanciated in BC after the leaky condo crisis.

[Warren12]

I believe this was a provision instanciated in BC after the leaky condo crisis.

Nothing like a 7 day window to give you comfort when you're 7 years into your purchase and it's leaking like a sieve.