I was just wondering if you made certain that the builder will not allow you to assign your property. If you could assign it, you would save on the occupancy fee until the building registers and you gain title to sell.
Originally Posted by Rocky
I guess alternatively you could rent it out to a tenent during this time.
I also advise a variable, open mortgage since this will be a relatively short term mortgage (occupancy to final closing generally 6-12months in downtown Toronto rough estimate). Make sure you ask about the ability and conditions to port the mortgage for once you are ready to sell and move
"Look after your cardboard box and it will look after you."