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Mortgage Broker News | 12 Aug 2013, 12:00 AM Agree 0
The developer behind the Trump tower in Toronto has yet to close on 201 hotel-suites bought by investors who are unable to secure mortgages. The dilemma begs this question: What could you do for such a client?
  • Paolo Di Petta | dipettamortgage.com | 12 Aug 2013, 11:05 AM Agree 0
    "What would be your action plan for a client?"

    My action plan for clients is the same as it's been from day one - tell them to stay away from that project.

    The Toronto Condo market was iffy enough without Trump, Shangri-La and other similar projects. When you start introducing questionable zoning experiments, it only continues to complicate an already precarious situation.
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