thks for the reply. so, then what can buyers do? or are we SOL

How can the city decide after it appears they signed off on phase 2 that they no longer want it? City just can't arbitrarily cancel it since it's going to the OMB as you wrote. And this doesn't make sense because isn't this the area where the city wanted some intensification? Plus, I doubt the...

i really believe they are going to turn around and re-market this at a higher price since the original prices for phase 2 was pretty aggressive. the builder sees what the market can bear now and has decided to screw the initial buyers. can anyone in this forum provide remedy or we just up shits...

I, too got my letter regarding cancellation of project. How's this possible? Every day we hear about the condo bubble but they weren't able to sell enough units. Smells fishy to me... purchased almost year and half ago when prices were good. Now equity lost. Any recourse for buyers since builder...