Navigating Receivership for Developers: Key Insights and Strategies
Introduction Receivership is a legal process that can have significant implications for developers in Ontario, especially in the real estate sector. When a development project faces financial difficulties, understanding the receivership process becomes crucial for safeguarding assets, managing liabilities, and ensuring the best possible outcome for all stakeholders. This article provides an in-depth look at […]
Canada’s Housing Market Challenges Persist Despite Initial Interest Rate Reductions
Q2 2024 Housing Market Index Reveals Declining Builder Sentiment National Overview The Canadian Home Builders’ Association’s (CHBA) 2024 Q2 Housing Market Index (HMI) indicates a further decline in builder sentiment across key regions of Canada. This negative outlook suggests that housing starts, particularly for homeownership, are unlikely to increase significantly in the near future. Provincial […]
What is an Assignment of Sale in Preconstruction?
How Do Assignment of Sale Work in Preconstruction? An assignment sale is when the original buyer of a property allows another buyer to take over their agreement to purchase the property before they move in. This new buyer then completes the purchase with the seller. Assignments are commonly seen with condos, especially those that are […]