05-10-2025, 04:23 PM
(05-10-2025, 02:19 PM)tomh009 Wrote:(05-10-2025, 10:10 AM)creative Wrote: There are new build condos in Toronto where a large number of buyers are unable to get mortgages and are walking away.
I think a lot of those are buyers who were planning to flip the units pre-closing and were never intending to get a mortgage, let alone living in the unit.
A real estate agent may have told them it was a risk-free investment but that really wasn't the case ...
A risk-free investment? I wonder if they got that in writing ....

