For real estate preconstruction buyers, a hard truth
For many buyers of preconstruction real estate, extravagant launch parties in downtown Toronto or bus tours to charming villages in rural Ontario are a distant memory.
Today many condo towers and new subdivisions are nearing completion and those preconstruction purchasers of houses and condo units are facing the challenge of closing on a deal they signed when the real estate market was on a high-octane run and mortgage rates were at historic lows.
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