Quote:
Originally Posted by Winsor_Pilates
All good points you made, but I just want to comment on this one.
When the final strata plan is filed with the city, the developer becomes the owner of all unsold units and is responsible for the strata fees. So if the building is 50% sold or 90% sold, it shouldn't change your strata fees. Howerver, it doesusually need to be 50% sold to form strata.
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And when the developer goes bankrupt because he has 50% of the suites unsold in a building???