The perils of purchasing pre-construction condominiums

By Travis Weagant ( November 29, 2017, 8:35 AM EST) -- On Nov. 9, CBC News reported that land developer Castlepoint Numa could secure neither construction financing nor municipal development approvals for its Museum FLTS condominium project in Toronto’s Junction Triangle. The developer returned deposits to more than 100 purchasers and shut down the project....