Over the last couple of months, our beautiful city of Montreal has set records in both condo sales and price. Experts say the surging interest in condos is driven both by local buyers and increasing interest from foreign investors outside Quebec.
With such demand and a rush to deliver as much product as possible, some developers will forge right ahead with their plans and your deposits (!) and sometimes not take into account that their mounting delays are having real life consequences on those owners/investors (carrying costs, rent, taxes etc…).
Paying close attention to the preliminary contracts, reputation of the builder, making the right arrangements and asking the right questions are several ways you can protect yourselves.
Call or email us to schedule a consultation and we’ll figure out all the solutions together for you!