A series of tweets by a well known Toronto mortgage broker, describing the dilemma facing buyers of yet-to-be built homes that will close in 2023 at a value of 10-30% less than in 2020-21 when purchased. Can they close the deal? #realestatecrunch twitter.com/ronmortgageguy…
The Unmanageable Problem: Pre-Construction Low Rise Homes Bought in 2020 - 2021
Detached, Semi's, Townhouses purchased from a Builder as Pre-construction from plans most critically in 2021
These are a disaster as they close in 2023
All worth less than the Purchase price
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