Can’t Close Your Pre-Construction Condo? Watch This First

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Can’t Close Your Pre-Construction Condo? Watch This First
Are you a pre-construction buyer worried you won’t be able to close on your condo or new build in Ontario?

Today, I'm joined by litigation lawyer Gathya Manoharan from Nava Wilson to break down what really happens when a buyer defaults on a pre-construction closing in Ontario. We explain the legal consequences of failing to close, including losing your deposit, potential lawsuits, wage garnishment, and long-term financial impact. We also cover practical options buyers can explore, how builders may negotiate, why acting early matters, and the biggest contract mistakes that can trap buyers. If you’re worried about an closing, this is essential viewing.

In this video, we explain what happens if you can’t close on a pre-construction property in Ontario and what steps buyers should take immediately.

Follow along 👇
00:00 What default means in Ontario
5:29 Losing your deposit isn’t the worst case
10:28 Lawsuits, judgments, and wage garnishment
17:15 What to do if you know you can’t close
24:47 Asset transfers and legal risks
31:06 Contract traps and amendment mistakes

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