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Would anyone know when we would be entitled to compensation because of the delayed occupancy date? My final tentative occupancy date is now Nov 11, 2024.

Looking online, it seems the builder is permitted to collect interest on the balance of the purchase price (remaining 80% in most cases). The interest rate is linked to the Bank of Canada 1-year conventional mortgage rate. As of July 2024, the interest rate is 7.74%. It's awful, I know.

Yes, they said the vendor will provide an official notice regarding the latest Tentative Occupancy Date in the coming weeks or months. It’s so frustrating.

I’ve confirmed with the builder the occupancy is only by Winter 2025, not Spring 2024 as they previously said. Would anyone know if we could be entitled to compensation because of the delay?

Would anyone know the closing date for the apartments on the podium (up to the 8th floor)? Some websites are saying Spring 2024. It would be great to have a more accurate range.

Thank you for your messages. Good to know that it's going to happen this year at least.

I bought a condo in this project in 2018 and I'm utterly disappointed. The builders never communicated any delay and I'm still not sure if they finalized agreed on the City Council consideration. It will likely delay the occupancy in at least 2 years. I should have done my research before...