That's the risk when you buy a project without zoning entitlements! Do your research.Hello everyone. Has anyone here on 12, 13, and 14th floors who bought units has been affected by this? My unit was cancelled also. Is the builder going ahead with the project, does anyone know? I am told 50 purchasers having their deposits returned. I agree with Kumha. We lost big. Prices are in TO are up significantly since 2018.
Considering that it is well under construction, they are definitely building it.
Developers really shouldn't launch projects without their zoning in place, but it's honestly fairly standard practice and has burned a lot of people over the years as units get eliminated in the approvals process that were already sold. It sucks - but buyer beware, and make sure you minimize the risk by buying in zoning approved projects!