Quote:
Originally Posted by 68style
I fairly recently bought a pre-sale condo in Calgary and I don't know if BC is the same but the contract for the one in Calgary had date protections in it... but they were very generous... expected completion was late 2024 but the developer is allowed to push it all the way to 2028 before the buyer can have grounds to pull out.
I would imagine BC is pretty much the same?
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Wow, that length of time surprises me but it's very possible it probably depends on the contract. I would not sign a contract that gave them a cushion of 4 years past completion date, cross that out.
We're doing a project right now that has a 90K a day penalty clause for each day it's over, that's for the entire project not our portion of work.
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