The future of hundreds of unbuilt townhouses is in limbo as Toronto-area home builder StateView Homes deals with fallout caused by an alleged “check-kiting” scheme that ran up debts of $37-million. A lawsuit filed by Toronto-Dominion Bank TD-T on March 24 alleges a series of “fraudulent checks” were used to…
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Canadian real estate: Home sales down 40%
OTTAWA – Home sales in Canada plummeted 40 per cent last month compared with a year ago, with new listings and prices also dropping in what one economist called “hints of a bottoming process.” The plunge in sales came as prices declined 18.9 per cent compared with the all-time record…
Housing Fraud Is on the Rise Amid Tight Market Conditions, Experts Say
Real estate professionals say they’ve seen a surge in housing fraud over the past year. It’s a consequence of tight conditions sparking desperation from both buyers and sellers. Some experts say they expect the situation to get worse as market dynamics continue to shift. loading Something is loading. Thanks for…
Instability of Banks Boosts Appeal of Property Investing in 2023
If you’ve been paying attention to the news recently, then you may have noticed several banks collapsing in the US in the past couple of weeks, which is beginning to cause alarm. For those not in the know, on March 10th, the biggest failure of a US bank since the…