Walking away from a Pre Sale Contract

With property prices in the Vancouver Real Estate market dropping, many people who bought into pre-sales as a short term investment in the past 2 years are feeling a sense of regret. It may not be long now for us to start hearing news of people walking away from their pre-sale contracts. If you are thinking about walking away from your pre-sale contract here in Vancouver there are a few things to think about before you do….

 

 

Can I legally walk away from my pre-sale contract / deposit? 

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