Condo Cancellation Crisis: Toronto Realtor Steps Up to Help 1,100 Defenseless and Displaced Buyers

TORONTO, April 9, 2018 /CNW/ – As announced Friday, 1,100 condo buyers in Vaughan’s sold out Cosmos project are being left out in the cold after the project was cancelled suddenly, citing “an inability to secure satisfactory construction financing.”

“Sending a letter and releasing a brief statement through a publicist simply isn’t good enough for the blindsided families and investors that put their money and trust into this project,” said Toronto Real Estate Broker, Author, and University Instructor, Claude Boiron, of Royal LePage Terrequity Realty – Boiron Group. “We’re talking about 1,100 people who will now have to pay tens of thousands more for comparable properties, since market values have gone up considerably in the years since their investment in the cancelled project.”

Read more at Newswire

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