Monthly Archives: November 2012

As tougher mortgage rules bite, critics call for a review

The real estate industry has ramped up its attack on rules making it harder to borrow but its challenges face one big obstacle — mortgage restrictions are working exactly the way the federal government wants them to. In the past week the Canadian Association of Accredited Mortgage Professionals weighed in with complaints that Ottawa’s restrictions […]

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Stricter mortgage rules hit new home sales and builders in Toronto

Toronto builders say tougher mortgage restrictions from the federal government are eating into new home sales and gutting consumer confidence. The Building Industry and Land Development Association says greater Toronto area sales through the first 10 months of the year are 14% below the long-term average. It now looks like 2012 will be the third […]

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Trump Hotel’s troubles mounting as sales tactics face probe

Developers of Toronto’s Trump International Hotel & Tower were given explicit instructions by the Ontario Securities Commission back in 2004 not to sell units in the luxe project as lucrative investment opportunities. But buyers tell the Star they were wooed into putting down payments on pricey hotel-condos through slick marketing by rookie developer Talon International […]

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