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Originally Posted by quasi
We sign contracts all the time for our work, when we're delayed and it costs us money we go after damages as subcontractors for our increased material and labour costs, why can't the people buying the place?
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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... however, they were very generous... expected completion is late 2024 but the developer is allowed to push it all the way to 2028 before the buyer can have grounds to pull out.
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IIRC here in BC, there is an expected completion date, but there is also another much later date where the developer can hold off on before delivering the unit to the new home owner. The later date is definitely written in the pre-sale purchase contract, so unless that date is due, the buyers really have no recourse because that's literally what they agreed to.