Did you know that you are entitled up to $7500 from your builder for delayed occupancy?
Most new home buyers don’t know and why would the builder want you to know this anyway?! Empowered buyers are using Tarion to fight back. I encourage you to consult with your lawyer on this matter. For more details go to www.tarion.com. Condominium buyers do you know that most builders will give permission to assign your unit during the interim occupancy period for a fee?Why is this a better time to assign your unit? You avoid the costly legal fees of closing plus mortgage fees and most importantly the whopping land transfer tax in Toronto upwards of almost 2.5% of the contract price. You also avoid the competition of all the other investors flipping out and putting the condo on the MLS at the same time.
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Posted by Randy Ramadhin
on June 10, 2011