Feld Kalia Professional CorporationToronto, ON · August 9, 2018New Build Condominium – Do You Get Interest On Your Deposits?
The short answer is ‘Yes … but’. Section 82 of the Condominium Act (“Act”) legislates that the builder (also called the declarant) must pay you interest on any funds you have paid as a deposit towards your purchase. This is great news for purchasers as we see more and more delays in the completion of new Toronto…
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