Markham Arena II
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11-03-2012, 06:34 AM
Join Date: Mar 2010
Markham condo buyers sue developer over last-minute charges
A group of Markham condo buyers has filed a class-action lawsuit against a developer for allegedly piling on thousands of dollars in what they call unfair and last-minute charges.
A statement of claim was filed against The Remington Group — the key financial backer and developer named in Markham’s ambitious NHL-size arena plan — and its alleged subsidiary companies on behalf of condo buyers in Remington’s 95-hectare mixed-used development in downtown Markham.
According to the claim, which seeks more than $5 million in damages, the buyers were hit with about $3,000 each in “increased development charges” as closing day approached, a last-minute demand that saw many pay undue fees.
The class-action suit has come to light over the past few months as news emerged of Remington’s involvement in Markham’s proposed arena deal. At a recent public meeting, residents brought up the lawsuit and spoke about their experience of living in one of Remington’s first developments in the city’s highly-touted downtown.
According to Sa’d, the only plaintiff named in the class-action suit, he and another buyer began to investigate the adjusted charges on their condo agreements and, after discovering “red flags,” decided to pursue legal action.
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