you have a statutory right to treat the purchase agreement as terminated.
Before treating your purchase agreement as terminated, and to ensure that your deposit claim will be covered by Tarion, you should consult a lawyer.
Deposits paid for condominium units are protected by Tarion up to a maximum of $20,000 and any deposit amounts are protected by the trust provisions of the Condominium Act. Deposits paid for all other new homes are protected by Tarion up to a maximum of $40,000.
Send your claim, along with a copy of the first page of the Agreement of Purchase and Sale, to: Tarion Warranty CorporationWarranty Services Department5160 Yonge Street, 12th Floor Toronto, ONM2N 6L9
Once Tarion has received your information, you will be sent a deposit claim form.
You will be asked to provide a copy of your cancelled deposit cheque and possibly otherrelevant documentation.