Hi! I'm a lurker-buyer as well :)
My occupancy is also scheduled for March 22nd and no word when our PDI is.
I recently visited The Carlaw and the lobby and other common areas look completely different from the renderings. Hopefully they don't make too many changes to our lobby and include a...
I recently took measurements of my pre-construction unit (have not moved in yet but was at the PDI stage) and was pleasantly surprised to see that floor plan dimensions were accurate. The bedroom was the only room that measured 4" smaller.. and that's because I measured from the sliding bedroom...
Darn it.. I guess the only way I'll find out is when my lawyer gets in touch with the developer. I've asked him to do this already and he said it's not necessary until a month or two prior to occupancy. We'll see what happens.
Anyway, thanks everyone for the advice and feedback!
Thanks for the info! I actually went through the condo act after you mentioned this and found the following:
"Right to pay in full
(3) Despite any provision to the contrary in the agreement of purchase and sale, before the expiry of the time period mentioned in subsection 73 (2) for...
Oh really? hmm.. I spoke with another purchaser in my building and he said that his contract was amended to show that he owes the entire balance outstanding on closing instead of just the remainder of the deposits. I'll have to ask again.
Yes, I've considered that as well. My investment advisor on the other hand offered the following alternatives:
1) Calculate how much I would have been paying a month on a mortgage and put this amount towards investments
2) Get a LoC (with an interest rate lower than the rate of return)...
My interim occupancy is coming up in the next few months and I have the funds available to pay for the entire cost of the unit (which I plan on occupying).
My question is, should I have my lawyer make an amendment to my contract so that I can pay off the condo at interim closing, or should I...