Quote:
Originally Posted by GP_Matt
30 days doesn't provide much of a contingency. It is also a huge hedge for buyers against a down market. If the market drops and the project is delayed you can renegotiate the price yet a hot market doesn't let the builder renegotiate.
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It depends on the completion date that's given.
In BC we give 2 dates, the estimated date (which is not legally binding but closer to accurate) and the "outside date" which is the required completion legally but is often 1-3 years beyond the estimated date. Having to complete within 30 days of that target, would be just fine.
It's actually shocking that Alberta doesn't already have a mandated completion date.