Comments on: Canadian Home Builders Are Asking Buyers For More Money To Finish Building https://betterdwelling.com/canadian-home-builders-are-asking-buyers-for-more-money-to-finish-building/ Canada’s Fastest Growing Real Estate News Source Wed, 26 May 2021 01:12:12 +0000 hourly 1 By: Oakville Rob https://betterdwelling.com/canadian-home-builders-are-asking-buyers-for-more-money-to-finish-building/#comment-71901 Wed, 26 May 2021 01:12:12 +0000 https://betterdwelling.com/?p=16688#comment-71901 In reply to David.

Bingo.

You represent the problem with your industry. Not everyone in the industry, just the bad ones.

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By: Oakville Rob https://betterdwelling.com/canadian-home-builders-are-asking-buyers-for-more-money-to-finish-building/#comment-71892 Wed, 26 May 2021 00:32:09 +0000 https://betterdwelling.com/?p=16688#comment-71892 In reply to David.

Dear Pound Sand (David) VP Customer Service, I suggest you study the concept of bait and switch. You’re contract doesn’t provide a direct feed from the pockets of the unfortunate people who hired you. If you want an increase be prepared to justify it – and defend it – in court. The gravy train has come to a stop.

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By: David https://betterdwelling.com/canadian-home-builders-are-asking-buyers-for-more-money-to-finish-building/#comment-71886 Wed, 26 May 2021 00:18:19 +0000 https://betterdwelling.com/?p=16688#comment-71886 In reply to NickSal.

Most builders will never resort to asking for more money, they’ll just take much longer and wait for cheaper supplies/labor.

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By: David https://betterdwelling.com/canadian-home-builders-are-asking-buyers-for-more-money-to-finish-building/#comment-71885 Wed, 26 May 2021 00:16:53 +0000 https://betterdwelling.com/?p=16688#comment-71885 In reply to Easy.

Everyone has expert legal advice on the internet, don’t they?

Don’t forget to use a real lawyer though, because your pre-sale contract has an escalation clause that says you’re liable for any overages they incur because it’s an *ESTIMATE*.

It doesn’t matter how much you complain on redflagdeals, I wouldn’t build a client a home wth my own out of pocket expenses. Pound sand.

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By: Easy https://betterdwelling.com/canadian-home-builders-are-asking-buyers-for-more-money-to-finish-building/#comment-71883 Tue, 25 May 2021 23:41:44 +0000 https://betterdwelling.com/?p=16688#comment-71883 In reply to Jimmy.

Exactly. Lawyer up. Start a threat on redflagdeals or something to find the others.

Legally defend yourselves from this fleecing.

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By: Eli Bennett Bennett https://betterdwelling.com/canadian-home-builders-are-asking-buyers-for-more-money-to-finish-building/#comment-71882 Tue, 25 May 2021 23:35:09 +0000 https://betterdwelling.com/?p=16688#comment-71882 In reply to Vinny.

This is exactly it. Isn’t the whole reason business make big money is because they are supposed to shouldering risk? And here they are facing the downside and turning to the buyer to strong arm them into shouldering that risk.

Criminal

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By: NickSal https://betterdwelling.com/canadian-home-builders-are-asking-buyers-for-more-money-to-finish-building/#comment-71786 Mon, 24 May 2021 08:47:37 +0000 https://betterdwelling.com/?p=16688#comment-71786 The real estate market is insane. The builder’s should go out of business if they cannot honor their agreements. All this shortage and escalation in a country of 30m people which is the second largest by land area in the world. I have a few properties and am just waiting to see right time to sell and buy overseas keeping just one here. I will get a lot more for my buck and generate a much higher return through rent.

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By: SUMSKILLZ https://betterdwelling.com/canadian-home-builders-are-asking-buyers-for-more-money-to-finish-building/#comment-71753 Sat, 22 May 2021 01:05:34 +0000 https://betterdwelling.com/?p=16688#comment-71753 Thats why I’ll never buy new. I tried to rewrite the contract terms to my liking and the builder refused any changes. You can do that when there are 100 buyers for every unit for sale. The builder would not even agree to “be silent” on clause 22, 56, 86, 99…etc. You really have no power as a buyer. None.

My favorite is the clause, where they force you to accept possession but its not really done. Wtf?

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By: Jimmy https://betterdwelling.com/canadian-home-builders-are-asking-buyers-for-more-money-to-finish-building/#comment-71738 Fri, 21 May 2021 19:08:49 +0000 https://betterdwelling.com/?p=16688#comment-71738 It makes sense because when they were making insane profit they shared that with the future home owner.

Logic goes like this.
If we make profit this is fair and we get to keep it.

If we loss because of poor planning this is unfair and we need to be compensated.

Capitalism has never been so good. Risk free profit for all.

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By: Oakville Rob https://betterdwelling.com/canadian-home-builders-are-asking-buyers-for-more-money-to-finish-building/#comment-71735 Fri, 21 May 2021 17:52:42 +0000 https://betterdwelling.com/?p=16688#comment-71735 In reply to Baio.

It’s a house, not a rocket ship. The list of suppliers might not exceed 20. Find the other buyers and demand an audit of every supplier contract to get transparency. Contracts that were not fulfilled by the developer should be examined to determine the cause of the nonfulfillment. Something went wrong somewhere, and the buyer had nothing to do with the problem.

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