The Ontario government is proposing new rules aiming to crack down on developers who cancel or hit pre-construction buyers with big price hikes as they wait for their new homes to be built.
Homebuyer Jennifer LeFeuvre says she is in a sort of limbo after developer Briarwood Development Group told her they were tacking on an extra $175,000 charge for her new home, on top of the initial cost laid out in a contract she signed.
The province is now launching consultations to try and tackle price escalations and offer consumers more opportunities to get a clear picture of what they are signing up for when they enter an agreement to purchase a home. But also in the consultation paper is an indication the government is exploring how a developer can raise prices within limits, causing concern for some that the government may be about to miss the mark.
"Why is Doug Ford allowing his ministry to do this?... I feel like the ministry is going totally against what he's saying," she said after reading the proposals. "I want to see us go back to a state of normalcy, where the price was the price," he said. "Pre-2020 builders just didn't even comprehend increasing the purchase price."
It would allow the purchaser who could be under pressure to sign quickly at a site to take the document back to a lawyer and say, "What have I signed here, what are the ins and outs of this, please explain it to me?"John Brennan, the partner and founder of JBrennan Law, says he's glad to see proposals that would make it transparent to researching home buyers if a company has cancelled agreements or had related issues in the past, through publicly available data.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
CBC Marketplace | CBC Podcasts | CBC ListenAs Canada’s top consumer watchdog, we look out for your health, your safety and your money. Hosts Asha Tomlinson and David Common bring you inside eight action-packed investigations, uncovering the truth about popular products and services — and pushing hard for accountability. CBC Marketplace has your back. All 8 episodes drop July 4.
Lire la suite »
Devastating Alberta tornado on the ground for at least 20 minutes: Environment Canada | CBC NewsA woman whose childhood home was destroyed by a tornado sweeping through central Alberta says the family is still working to process what happened.
Lire la suite »
Harassment complaints at House of Commons rise more than 60% year over year: report | CBC NewsThe number of allegations of workplace violence and harassment in the House of Commons almost doubled year over year and is now more than six times higher than it was two years ago, according to a newly published parliamentary report.
Lire la suite »
Alberta woman describes fleeing home that was destroyed in devastating tornado | CBC NewsOn Saturday, a tornado touched down between the towns of Carstairs and Didsbury, Alta., Environment Canada said. Elisa Humphreys had her home destroyed. She said she doesn't have insurance and her family is trying to fundraise for her.
Lire la suite »
From telecoms to grocers, competition concerns keep bubbling up in federal politics | CBC NewsAs Canadians grow more concerned about rising inflation, competition across different sectors of the economy has become a 'kitchen-table issue' at a time when the federal government is reviewing its competition law.
Lire la suite »
Woman charged with impaired driving after cyclist killed in Brampton crash: Peel police | CBC NewsA cyclist has died after being struck by a driver in what Peel police are calling a hit and run in Brampton on Monday morning.
Lire la suite »