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Most pre-sale buyers at a New Westminster condo project have chosen to pay an extra 15 per cent to keep alive their approximately two-year-old contracts, after the developer said it would otherwise be unable to finish building the units.

Vancouver-based Jago Development Inc. said 44 out of 55 buyers of one-, two- and three-bedroom units at Westbourne Residences opted to pay the new price.

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This means they will pay tens of thousands of dollars more, between approximately $37,000 and $90,000, with the exact amount depending on the size of their unit, which range from 526 square feet to 1,270 sq. feet.

In the new normal world of rising condo prices, the development had been attractive to buyers looking for a relatively affordable option with starting prices in the $200,000 to $250,000 range.

Pre-sale contracts for the units sold out in mid-2016, and the dwellings were supposed to be completed last year, but construction has been delayed.