*** PLEASE NOTE *** I am not a Lawyer and I am not Giving Legal Advice ***
Thinking of walking away from a pre-sale?
Before you do anything, talk to your lawyer, next talk to your Realtor, and then TALK TO THE DEVELOPER!
Some developers may have programs in place to help those who are having issues completing. The only way to find out is to ask!
The following could happen if you don’t complete:
1) You could get sued by the developer. Even if you win, you still have to pay the costs of defending yourself and we all know lawyers don’t come cheap.
2) You could lose your deposit.
Make sure when you buy something you can pay for it!
I’d love to hear your thoughts on this topic.
Who misses Carlos N’ Buds?!?
This Vancouver Tex-Mex Icon used to be situated on what is now the Onni development site at 1372 Seymour and 555 Pacific in Downtown Vancouver. 1372 Seymour Street is now a City of Vancouver Urban Garden that is part of a new City program to give developers a tax break for keeping vacant development sites as urban gardens.
According to the City of Vancouver development proposal for 1372 Seymour Street, Onni is planning on building a 33 story tower on this plot of land plus a child care facility. The link above has has the full development proposal with great drawings and pictures of where the building will be situated on the on the lot and what it will look like.
Tough to say when Onni will break ground on this one. A very well informed contact has told me that for Onni is saying that if its not out of the ground now, it won’t be coming out for some time…
I’d love to hear your thoughts!
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