One of the options ...

Interim occupancy period is just a period for paying rent to the builder for an undefined period and at the rent sent by them. Money lost. Some money could be saved by paying upfront.

I asked my lawyer, but he did reply to me. Just sent me to talk to the builder. Here what I found: Condominium Act, 1998 Right to pay in full (3) Despite any provision to the contrary in the agreement of purchase and sale, before the expiry of the time period mentioned in subsection 73 (2)...

Does anyone know if it is possible to pay outstanding balance at the interim occupancy date? I understand that taking mortgage would not be possible at the time.

Converting visitor parking spaces into a private garage sounds like a reason for a lawsuit. Pemberton claims it is not a “material change”.

One would need a permission from the builder to do an assignment sale. This must an indication that Pemberton indeed sold all units. Interesting, how successful all these assignments sales would be under the current economic conditions.

30-year mortgage at 3% of 500K, as in 2018, will cost 759K. 30-year mortgage at 7% of 500K, as now, will cost 1198K or 439K extra If Pemberton did not unload its apartments, more to come.

More on this topic: The interest rate on unpaid balance is usually close to the 1-year Mortgage interest rate posted from Bank of Canada (according to the Internet too) The balance could be paid in full (according to the Internet too)

I asked Pemberton about charges during the interim occupancy period, and they told me that the payment schedule is not ready yet. A related question. Is it possible to put extra cash against the principle at the firm occupancy date? Beyond forth installment of the 20% deposit that has to be...

For Toronto it is not the case—registration of the condominium takes several months the occupancy date.

We also received for August, 8th. We are in SW. My understanding is that the condo registration must go through the city, and it will take several months, maybe up to a year, to a closing date.

Thanks. Somewhat strange that they let you in before the final closing. I never bought a condo in Canada, only houses :(

Here what I received: "3. The roof assembly has now been completed. In accordance with the new Tarion Statement of Critical Dates and paragraph 1(d) the Tarion Addendum whereby the Vendor has to provide written notice to the Purchaser no more than 30 days after the Roof Assembly Date and at...

I am in South East and occupancy is set to March, 2023 as per email from Perbermton

Is it common now? Is it coming for T&S too? Ontario woman charged $280,000 extra for condo despite having signed contract People who bought units in an Ontario condominium development said they were shocked when the developer raised prices and demanded more money despite them having signed...

I doubt that. The assignment sale is on discretion of the builder rather a purchaser. Here is verbatim from my P&S agreement: “The Purchaser covenants not to offer, list or advertise for sale, lease or transfer the Unit, nor to sell, lease, assign or transfer his interest under this Agreement...

As far as I saw in new buildings parking is more expensive. Not sure one can buy a parking spot without to be an owner.

"Projected" by whom?

To get an assignment unit, permission from the builder is required. Wouldn’t it be difficult to get one?

"desperately" -- :D Check the prices per sq. ft, now and then.