Ontario court finds Hi-Rise Group acted in bad faith on pre-sale contract cancellations

[cdr108]

Ontario court finds Hi-Rise Group acted in bad faith on pre-sale contract cancellations

Anyone know the details?
I gave up G&M subscription and no one else seems to have reported on this case.

 

[Sana]

What do you want to know? Law rimes news and globe and mail are the papers that picked it up

 

[tamlin]

If you have a Toronto Public Library account, you can use it to read newspaper articles for free online (after the minor inconvenience of a couple of searches and a few clicks).

Basically, Hi-Rise Group decided that it no longer wanted to build a condo project in Scarborough, and wanted to build rentals instead. To escape its legal obligation to build the condos, it demanded that buyers provide proof of their ability to afford their new home, and then rejected any documents that were provided in response as insufficient.