What happens to my money if the project fails?
Question: What happens to my money if the project fails?
All deposits are paid into the trust account of the lawyer representing the developer. The deposit funds in the trust account can ONLY be used for the purpose of developing the project.
If for any reasons the project fails, the buyers deposits are protected and will be returned in full to the buyer.
It is important to work with reputable developers with a track record of building in Toronto.