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Clover Condos at Yonge and Wellesley expected to be sold to Concord Pacific — buyers worried they will have to pay more to keep their units

The Clover Condos project at Yonge and Wellesley in Toronto is expected to be sold to another developer, leaving hundreds of frustrated buyers wondering whether they can afford to buy back the units they contracted to purchase as far back as 2016. Although a written order has not yet been issued, an Ontario Superior Court gave Concord Pacific until midday...

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Cresford condo sites move toward potential sale, purchasers face uncertainty

Cresford condo sites move toward potential sale, purchasers face uncertainty Months after three major Cresford condominium projects entered receivership, the process is underway to potentially sell the troubled developer’s sites. Last week, PricewaterhouseCoopers (PwC), the appointed receiver of the luxury new construction projects, filed a report with the Ontario Superior Court of Justice with a motion requesting the approval for...

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