Premier slams Ontario developer that raised condo prices by $100K after cancelling sales deals
In a recent CBC news story, Shibley Righton LLP's Audrey Loeb said developers shouldn't have the power to unilaterally cancel contracts, and more regulations are needed to protect buyers. "The notion ... that a developer should have the sole determinant of right to terminate an agreement — I have a little bit of difficulty with that," said Loeb. "I would like an independent agency to confirm the developer's position."