Fri, Jul 7: David McDaniel hoped to move into a waterfront condominium in Whitby after retirement, but the developer filed for bankruptcy before starting to build. Like the other 200 potential tenants, McDaniel’s $51,000 deposit is now held in trust with no clear date on when he can get it back and move on. Sean O’Shea reports.
Global News at 5:30 Toronto
Dangers of buying preconstruction: Consumer deposits in limbo as GTA developer goes bankrupt
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Global News at 5:30 Toronto: March 14, 2024
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