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Mortgage Broker News | 25 Apr 2016, 10:50 AM Agree 0
A large developer is taking steps to “deal with current cash flow issues”
  • Marcy Berg | 25 Apr 2016, 11:01 AM Agree 0
    No surprise here to anyone who ever tried to close one of their client's purchases.
  • Jerry Quigley | 25 Apr 2016, 11:12 AM Agree 0
    Anyone else wondering how a new home builder in Toronto can't make a profit????????
  • Elizabeth Young | 25 Apr 2016, 11:28 AM Agree 0
    Judging from previous articles about how many of their buyers requested their money back when their homes were delayed, this isn't surprising.

    I wonder if this was part of the reason why they stopped cooperating with Realtors.
  • Marcy Berg | 25 Apr 2016, 11:32 AM Agree 0
    This will not surprise anyone who ever tried to close a purchase for a client. They don't make anything easy.
  • Kuldip S Panesar Homeland Mortgage Corp. | 25 Apr 2016, 03:03 PM Agree 0
    Developer may have siphoned away the funds to other projects and when they are not able to give the possession of the units to buyers , they proceed for bankruptcy.
  • TWH | 26 Apr 2016, 04:27 PM Agree 0
    The $60 Million bonds issued by Urbancorp at 8.6% interest were the largest signal recorded on this problem when they had to look to Eygpt to sell them.
    What Canadian bank investment house would not grab that offering up if its GTA home builder was in AOK shape?
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