Quote:
Originally Posted by Fylboy
If there any buyers looking at this site, please contact your lawyer's office. I have received a letter stating the development will not be registered as a condo and my deposit will be refunded.
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Wow. That sucks. Same thing happened to me with Monaghan. Not much you can do about it. Weird because the units were almost sold out and they are almost done construction. Unless they need more money and the bank is refusing unless switch to apartments? But with the building almost 80% sold that wouldn’t make sense. Weird.
http://www.condonova.ca/blog/halifax...rts-apartments
In the case of Monaghan it was also delayed over a year (my original closing date was Nov 2017 and the second tower is still just concrete framing). But that situation was pretty simple... they didn’t sell. Like... at all. A lot of the studios got snapped up but everything else was virtually unsold. My guess is that Monaghan only sold about 10-15% of the units before they switched to apartments because they needed bank financing to continue construction.