- Thread starter JasonParis
- Start date
dowlingm
Senior Member
As far as the expropriations go, is there anything stopping the current owners negotiating that Metrolinx offer them right of first refusal on the property at the expropriated price? That provides an option for the seller to regain what they had should the works not cause any fundamental damage.
Of course, the neighbouring properties will have appreciated but the current owners will have had to find somewhere else to live in the meantime, so the gain they might seen to be making should be tempered by those outgoings. Metrolinx does lose out on the opportunity to make a capital gain but if they make a high enough offer to the seller, maybe they won’t have to worry about the option being exercised as the prior owner might actually be able to find something else in this god awful market.
Of course, the neighbouring properties will have appreciated but the current owners will have had to find somewhere else to live in the meantime, so the gain they might seen to be making should be tempered by those outgoings. Metrolinx does lose out on the opportunity to make a capital gain but if they make a high enough offer to the seller, maybe they won’t have to worry about the option being exercised as the prior owner might actually be able to find something else in this god awful market.