Rocky
Active Member
Well so US RE market is really busted, my cousin lives in florida and has been told by the bank that his house which was initially worth 300 K is not even worth 70k as of today. Does anyone think we will be following the same pattern here in Toronto !!!
Lets assume for a minute if that happens...what would happen in such a case where the builders are selling pre-con condos. Assuming this happens in 2011, what happens in such a case to the condos that are due for occupancy in 2012 ? Money being hold by the trust for example, would the buyers be able to bail out and get their deposits back ?? just wondering what would be the worst case scenario should TO RE follow US RE
Lets assume for a minute if that happens...what would happen in such a case where the builders are selling pre-con condos. Assuming this happens in 2011, what happens in such a case to the condos that are due for occupancy in 2012 ? Money being hold by the trust for example, would the buyers be able to bail out and get their deposits back ?? just wondering what would be the worst case scenario should TO RE follow US RE