CBC: Toronto woman’s life savings in limbo as new owner of townhouse development refuses to honour agreements

Lisa Laredo

Excerpt:

Anna Pires needed something to look forward to after losing her job, her marriage and her house five years ago.

The prospect of moving into her dream home fit the bill.

Pires bought a pre-construction condo unit in Richmond Hill, Ont., north of Toronto, on an assignment sale in September 2016 after coming across the sold-out development online.

An employee of the developer, Ideal Developments, sold Pires his own purchase-of-sale agreement for $80,000 plus the $20,000 deposit he’d already put down on the unit. 

Now, after years of delays, the Modern Manors townhouses still aren’t built — and Pires recently found out that her purchase agreement is in jeopardy.

“I have all my life savings in this project,” said Pires. “To think that I may not ever get to see the home that I waited for, for five years, breaks my heart.” …. Read full article here.

See Lisa on CBC here.

Disclaimer: The content on this website is provided for general information purposes only and does not constitute legal or other professional advice or an opinion of any kind. Users of this web site are advised to seek specific legal advice by contacting members of Laredo Law (or their own legal counsel) regarding any specific legal issues.

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