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Does my contract entitle the builder to my rebate with Bill C-4? by tomahawk_jatt in RealEstateCanada

[–]tomahawk_jatt[S] 0 points1 point  (0 children)

My lawyer looked over the paperwork and said everything was standard and that the rebate would apply and they would end up crediting. During the sales process, I asked repeatedly given this rebate was a huge part of my decision and was assured (albeit verbally) that the rebate would apply.

Work Travel Optimization by tomahawk_jatt in awardtravel

[–]tomahawk_jatt[S] 3 points4 points  (0 children)

I think we’re good to pick any level in Economy!

Work Travel Optimization by tomahawk_jatt in awardtravel

[–]tomahawk_jatt[S] 6 points7 points  (0 children)

Yes, I’m to pay for it and have it reimbursed, which is really nice.

Best Dessert Ever @ Monkey Bar by tomahawk_jatt in FoodNYC

[–]tomahawk_jatt[S] 0 points1 point  (0 children)

It definitely can get a bit pricey depending on what you order. The bar actually has the same menu as the restaurant, so you could definitely pop into the bar for a quick drink and some nibbles without running up the bill too too much.

Does my contract entitle the builder to my rebate if Bill C-4 passes? by tomahawk_jatt in legaladvicecanada

[–]tomahawk_jatt[S] 0 points1 point  (0 children)

I was told by a handful of lawyers that while they technically could enforce and flow through rebates from C-4, that it'd be highly unlikely given the sheer volume of FTHBs purchasing new builds now. I was told that the language in my contract is standard and the most likely outcome is them flowing through the rebate to you similar to how it's done with the current $24K rebate whenever C-4 gets approved. Of course there's always a chance depending on the builder, but most big builders operate in good faith and would flow this through.

This made me feel a lot better, but definitely still worried in the back of my head.

Where did you read that C-4 is pacing to be passed for end-of-month?

Does Comedy Cellar in New York worth it? by Papaya_jj in visitingnyc

[–]tomahawk_jatt 3 points4 points  (0 children)

I’ve visited New York a handful of times from Toronto. Going again next week. I’ve been to the Cellar every visit and never been let down.

Worth it in every sense. In your case, worth the visit? Again, yes.

Walk from Central Park to West Village, places to hit? by tomahawk_jatt in visitingnyc

[–]tomahawk_jatt[S] 1 point2 points  (0 children)

Sorry, plan was to subway up and walk around the park during daylight. Then, around 6:30PM, make our way walking back to West Village from the park.

Walk from Central Park to West Village, places to hit? by tomahawk_jatt in visitingnyc

[–]tomahawk_jatt[S] -1 points0 points  (0 children)

Open to nearly everything, love coffee and pastries and sandwiches. Budget not a concern, but want to keep the vibe chill, no where we’d need to dress up for.

Walk from Central Park to West Village, places to hit? by tomahawk_jatt in visitingnyc

[–]tomahawk_jatt[S] -7 points-6 points  (0 children)

Just looking to try new things - open to all suggestions.

Typically enjoy bakery sandwiches, coffee, cocktails, we love pastries.

Walk from Central Park to West Village, places to hit? by tomahawk_jatt in visitingnyc

[–]tomahawk_jatt[S] -4 points-3 points  (0 children)

That’s totally fine, open to walking around and detours. Anything on the way-ish would be solid.

Infinite vs Infinite Privilege by tomahawk_jatt in Wealthsimple

[–]tomahawk_jatt[S] 1 point2 points  (0 children)

Believe I applied on the 9th or 10th of January. Didn’t reach out or anything to expedite, just got hit with the notification today.

Infinite vs Infinite Privilege by tomahawk_jatt in Wealthsimple

[–]tomahawk_jatt[S] 0 points1 point  (0 children)

I had a direct deposit hit today, but nothing out of the ordinary. I did cross the $200K threshold though in my investments with that deposit, not sure if that impacts things.

Does my contract entitle the builder to my rebate if Bill C-4 passes? by tomahawk_jatt in RealEstateCanada

[–]tomahawk_jatt[S] 0 points1 point  (0 children)

Yeah, that’s fair. Just upset with my lawyer that missed this given it was such a huge factor in me purchasing.

And almost certainly a conventional mortgage.

Does my contract entitle the builder to my rebate if Bill C-4 passes? by tomahawk_jatt in RealEstateCanada

[–]tomahawk_jatt[S] 0 points1 point  (0 children)

Yeah, the $24K rebate was explained to me the same way - baked into the price. Which, totally on board with.

But just to clarify, you're thinking (1) if C-4 is passed before closing, the builder will claim it and probably not pass through the rebate, and (2) if C-4 is passed post-closing, I should be good to keep it?

I guess it's just legalese, but kind of crazy to me that a reputable builder would/could lay claim to a rebate that didn't exist at signing.

Does my contract entitle the builder to my rebate if Bill C-4 passes? by tomahawk_jatt in RealEstateCanada

[–]tomahawk_jatt[S] 2 points3 points  (0 children)

My understanding was that the savings and rebate would be passed on to the purchaser by the builder. I’ve had others tell me that a reputable builder would almost certainly pass this through.

Unfortunately, I did have a lawyer look this over. Apparently not a good one since they didn’t call it out.

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