Just a quick note to say ‘thanks.’ I had no idea there was so much to know about buying a condo. I could have made a serious mistake without your guidance. Thanks for taking care of me."
—December 7, 2017
Condo buyers who pre paid for units in a downtown Halifax condo building that is nearing completion were recently advised that the building is no longer going to house condo units. The 30 or so potential buyers received a refund cheque in the mail along with a notice from the developer’s attorneys stating: “We regret to inform you the Dillon Suites will no longer be registered as a condominium development.”
Units in the eight-storey mixed-use building on the corner of Sackville and Market Streets had originally been marketed as apartments prior to commencement of construction; however, in November 2104 Mosaik Property Management announced that the 39 loft-style one- and two-bedroom units would be marketed as condos. More than 25 percent of the available units were reportedly pre-sold within hours of the opening of a sales office; however, construction did not commence until a year later, by which time almost 30 of the units had been pre-sold. Due to further construction delays, the developer was forced seek extensions to the purchase and sales agreements in late 2016.
While no reasons were provided for the disbandment of condominium registration, the developer’s prior projects have all been apartment buildings. It is unclear whether those who put down deposits may seek recourse beyond the refund of their deposit money.
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