Guelph and area seeing more people walk away from pre-sale home deposits
Despite the loss of sizable down payments, and other potential consequences, more people are walking away from pre-sale home purchase agreements in recent months.
It’s a growing trend predominantly seen in the Toronto area, but Guelph and Wellington County aren’t immune.
“I’m not getting just calls from Guelph … but in all of the communities that surround us,” said Mike McCluskey, a litigation attorney for McKenzie Lake Lawyers LLP and a member of the Guelph & District Home Builders Association (GDHBA) board of directors.
“And a lot of times those claims are dictated by what may be happening in the
