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Presale deals in a declining market: B.C. Supreme Court clarifies when buyers can refuse to close

By Cobi Dayan ( May 22, 2026, 2:32 PM EDT) -- In a softening real estate market, few disputes become as costly, as quickly, as a failed completion on a presale condominium purchase. In the recent decision in Rhythm Living Ltd. v. Pereira, 2026 BCSC 555, the B.C. Supreme Court confirmed that purchasers cannot readily walk away from a residential transaction simply because negotiated extras remain unfinished or new concerns emerge shortly before closing....
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