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

While the sole purpose of a condo is to live in, there are other things one can do with the condo. Condos are vast in number and are fast moving, both regarding purchases and rental. Most nuclear families opt for condos nowadays because of easy maintenance and social life. Although simply owning a condo does…

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