Grechi Carter

⚖️ Real estate law? No problem.

Mortgage enforcement timelines? Easy.

Rare dog breeds? That’s where things started to fall apart.

Mortgage enforcement | Ontario law

As pre-construction pressures rise, we’re seeing more builders take legal action against purchasers who fail to close.

Here’s the reality: it’s not just about losing your deposit.

In a breach of contract scenario, purchasers may be liable for:�– The forfeited deposit�– The difference in resale price (if the builder sells for less)�– Additional costs including legal fees, marketing, and commissions

In some cases, builders may pursue further legal action to recover losses.

Understanding your exposure before signing and before closing, is critical in today’s market.

If you’re unsure about your position, it’s worth having the right conversation early.