Sébastien Arsenault retweetledi

PRE-CON CONDO WIPEOUT IN TORONTO.
You’re not looking at a “market slowdown” anymore. You’re looking at people getting financially wiped out.
One buyer planned to pass this condo down to his kids one day. Now he’s walking away from his entire life savings.
Locked in at $800K.
Appraised at $650K.
Bank won’t cover the gap and just like that… the deal collapses.
Down payment? Gone.
Future for his family? Gone.
It’s happening daily. This is how a housing market breaks.
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