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Mortgage Broker News | 21 Apr 2015, 08:04 AM Agree 0
One developer’s rate-buydown promotion resulted in hundreds of sales in mere minutes; are we bound to see more of these promotions?
  • Broker | 21 Apr 2015, 11:08 AM Agree 0
    All this does is reduce the lending value of the property, forcing people to come up with bigger down payments.
  • John W | 21 Apr 2015, 12:29 PM Agree 0
    The cost would be added into the price of the unit so just another marketing gimmick.
  • John JS | 21 Apr 2015, 12:47 PM Agree 0
    Laughable matter and I don`t believe there is much truth in this headline. "Dramatic sales results" is fake disclosure, and so are real estate values in general, stocks/corporate earnings, money are fake and and it seems Canadian economy is fake too. The truth of the matter is that these billboards work on psyche and will break you, crumble you down to molecular level and one will collapse under the weight of misleading information against despite his better judgement. And the wheel keeps on turning until . . . . . . . .
  • MB | 21 Apr 2015, 01:44 PM Agree 0
    Fancy package offering a reduction in price only to surprise buyers at closing.
  • Rebecca Awram | 21 Apr 2015, 07:18 PM Agree 0
    The developer clearly has no understanding of how builder incentives are handled by the lender and insurer. Or, he does, and knows that it will only be treated as a price reduction at completion. Either way, the consumer misled and misinformed.
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