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Mortgage Broker News | 17 Jun 2014, 10:19 AM Agree 0
Many buyers in hot housing markets across Canada choose to purchase new build houses and condos and with several of them encountering issues after contracts are signed, brokers have figured out keys to advising these clients.
  • Daniel McKay | 23 Jun 2014, 04:18 PM Agree 0
    I generally am not one to advocate for more regulation anywhere, but the government absolutely needs to step in the new residential condo/home construction market. There absolutely needs to be some regulation as to how long a builder can hold onto deposit funds, as well as some form of "build what was contractually promised" legislation. There should also be legislation allowing forcing builder's and sub-trades to personally gurantee their work. There are far too many cases I've come across where these individuals and corporations fold their companies knowing they did sub-par work, only to operate doing the same work under a new company to escape liability from the work done under their former company.
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