Posted Sep 1, 2015, 2:49 PM
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Registered User
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Join Date: Feb 2012
Location: Hamilton
Posts: 356
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There is no legality surrounding the notion that a condo must be 70% sold in order to build. Its just a general practice adopted by developers to be assured that they'll turn a profit if they construct the building. Toronto is notorious for putting up condos with hardly any of the units being sold.
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