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Regulator reviewing Toronto condo cancellation

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Cancelling an offer or purchase agreement for a condominium Region: Ontario Answer # 418 Alberta British Columbia Manitoba New Brunswick Newfoundland & LBDR Northwest Territories Nova Scotia Nunavut Ontario Prince Edward Island Quebec Saskatchewan Yukon

Another Toronto condo project just got cancelled.. Ontario’s new home regulator Tarion says the developer gave word of the cancellation of the Bean in February. Tarion is reviewing the cancellation. Developments featured in this article.

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One word that has not entered into the conversation about the downtown toronto condo market for some time is “disappointment. Three units each hit the market with a date and time scheduled for.

TORONTO (Reuters) – Canada will consider changing the terms of a stress test designed to cut out risky mortgage lending if market conditions change, one of the country’s top banking regulators said on Tuesday. The Office of the Superintendent of Financial Institutions, Canada’s main financial.

The city is also going to ask Tarion, the new home warranty program, to explain its role in the cancellation of the project. Toronto lawyer Bob Aaron said the Government of Ontario bears some.

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Toronto’s housing market posted. stress tests to mortgage-lending requirements. The regulator that imposed the rules — the Office of the Superintendent of Financial Institutions — should review.

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The Condo Act Review suggests that if a 25 per cent quorum is not met after two meetings, a third meeting could proceed with whoever shows up. Clearly, big changes are coming to condominiums, and all.

The cancellation of a ten-storey Toronto condominium development that has thrust would-be owners back into an increasingly competitive condo market has renewed calls for tighter regulations and.