As the summer of 2021 quickly approaches many Ontarians revisit considerations of investing in recreational and cottage properties. Many individuals have been deterred in the past from diving into this market due to concerns surrounding winterization, and various other maintenance demands involved in cottage property ownership. Prospective buyers who may have found themselves in this camp in the past may find attractive the increasing trend in this area of real estate, a move towards condominium and time share approaches to cottage country living. These alternative approaches present their own unique set of benefits.
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What can happen when a home buyer defaults on their offer
We have heard countless horror stories of home buyers backing out of a purchase after the Agreement of Purchase & Sale has been signed. With the real estate market in its current state, this could be due to any number of reasons. The Ontario courts are now creating precedents and making examples of those who unable to fulfill their end of the contact
