I Walked Away From My Condo Deposit — Can the Builder Still Sue Me?

The Situation is our monthly segment where John and Davin work through real estate situations sent in by real people — the messy, high-stakes decisions that don't have a clean answer in a market like this one. This month: A Toronto investor walked away from her pre-construction condo when she couldn't close, forfeited her deposit, and assumed that was the end of it. Now she's reading about builders suing buyers for the shortfall when the unit resells for less. John and Davin get into what she's actually exposed to, how long a builder has to come after her, and whether there's anything she can do now that doesn't make things worse. Then: a tenant has had her rent raised by the maximum every year for four years, while rents around her have been falling. Her landlord just sent another increase and a new lease to sign. How should she open that conversation, what leverage does she actually have, and can asking backfire? Plus: should you buy your next home before selling your current one, and why a neighbourhood can show 2.6 months of inventory when homes are selling in 24 days. Have a situation of your own? Send it to us and we'll take it on in a future episode.