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#19413
PRE-CONSTRUCTION BUYERS : “Five years isn't what I was expecting." ( "Fresh Towns" Ottawa ) 2023/06/19 10:24  
With the Province of Ontario pushing 1.5 million housing units over 10 years, CBC has again asked how well pre-construction buyers have been and are being protected as consumers .

Not merely for risk-taking PRE-CONSTRUCTION BUYERS from 5 or 6 years ago, it's part of an issue now resonating louder and wider than merely those risk-takers.

AND there are serious conservation and urban sprawl concerns raised. And what's this doing to municipal accountability ?

Arguably the Province has slam-dunked low density neighbourhoods and overridden low density zoning in place for many decades. eg GTA now able to consider 6 plexes as of right on a ward-by-ward basis !

And arguably the Province of Ontario's various Bill 39 enactments give more than 2 dozen local mayors what some see as dictatorial powers to emasculate elected municipal Councils . Are those elected municipal councils to evolve into something like school boards ?

AND sad part of the bottom line :

Is so-called "affordable housing" realistically on the way ? Like those tax savings predicted by Mike Harris and his crew 25 years ago when purporting to justify shot-gun municipal amalgamations ? Is that an outcome worth arguably emasculating elected municipal councils ?

Fresh Homes ( Nepean in west Ottawa) by XXXX developments

CBC hears frustrated pre-construction buyers kvetching PLUS FIVE YEARS or more after pre-covid PRE-CONSTRUCTION purchase agreements were signed !

Is Toronto based developer XXXX hoping to just wait out the pre-construction buyers ?

One 2017 - 2018 buyer : “Five years isn't what I was expecting." Would most of us either ?

Some frustrated pre-construction homebuyers told CBC they suspect the developer wants to resell the properties at a higher price.

XXX and the City respond . . .

June 19/23 CBC Ottawa “5 years later, frustrated homebuyers still waiting for the keys. subtitle : Developer says pandemic-related complications continue to delay Baseline Road project” by Nicole Williams

https://www.cbc.ca/news/canada/ottawa/ottawa-fresh-towns-great-wise-developments-delay-1.6873702
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#19414
PRE-CONSTRUCTION BUYERS : “Five years isn't what I was expecting." ( "Fresh Towns" Ottawa ) 2023/06/20 16:57  
postscript :
Monday evening TV news interviewed an unhappy buyer, who clarifies the development is NOT a condo community.

( But like lotsa realtors wrongly thinks : "freehold" means "not condominium". The Act cites that Ontario condos are all "freehold" unless are LEASEHOLD like the Daley building re-development eastside of Chateau Laurier. )

Anyway says he wanted to stay clear of Ontario's Condominium Act 1998. But with deck arguably stacked against pre-contruction risk-takers, there's little relief whether its condo freehold or non-condo freehold . . .
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