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Cosmos Condos: Cancelled?!
Risks of Buying Pre-Construction

Cosmos Condos, a multi-phase Pre-Construction development in Vaughan was cancelled by the developer, leaving 1100 purchasers without a condo – but at least they’ll get their deposits back, right? The builder was forced to cancel Cosmos Condos due to “unsatisfactory financing terms”. Generally speaking, Pre-Construction condo contracts often include a financing clause allowing builders to cancel…

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7 Things You Need to Know Before Investing in Pre-Construction Condos

1. Invest in a Builder before you invest in a Building. This is a universal truth that I tell all my clients. Investing in Pre-Construction becomes inherently less risky when you invest only into reputable builders who have a solid track record of executing on their development plans in a timely fashion and without too…

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