Recent content by Kama

Is it hard to get permission from the builder for an assignment sale?

If it is the only problem, consider yourself very lucky.

Does it make sense to file for Tarion warranty? There are a lot of problems with the apartment we bought. Some of them could be fixed by the builder only as A/C etc…

We, in the end, decided not to go through the process to have some flexibility at closing. We have some equity in U.S. that could be used for payment. We also don’t have a good lawyer to do it. 10-days cooling period is written in the agreement of purchase and sale. BS, in my opinion.

They sent a notice for PDI 2 weeks in advance. We also hired a professional inspector.

With 700K left to pay = 700*7.5/100/12 = 4.4K plus tax and common charges, ~1k. In total about 5.5K

Anyone getting mortgage?

We are not

yes plus adjustments like partial rent for the current months, you need to get the exact total from the laywer.

My lawyer told me that “things move faster now”, could be 3-6 months. Once he had a case that it took 2 years to close. There is no time limit to the interim occupancy period.

last 5% on occupancy day, certified cheque to your lawyer in trust

You should add payment for common areas, taxes, internet etc. ~1K

We have occupancy day early in August -- maybe it is the reason for differences in the rates

7.49% is in line with the current rates. What is not in line with the common practice is that Pemberton charges common charges and taxes on the top of 7.49%. Normally, landlord pays common charges and tax rather a tenant. If CC+taxes is about 1K – these money saved for the builder. With 1586...

What home insurance we need to buy?