A home sold at a staggering $800,000 loss is just the latest example of a property in and around the GTA
The custom-built home was originally sold in March 2022 for $2.55 million — at a time when cheaper borrowing rates resulted in heightened demand throughout the province's real estate market, which, in turn, drove prices up. As a result, the lender forces a sale on the public market and gets all the funds owed to them, while the current owner gets to keep any excess profit. In a foreclosure scenario, the lender usually takes ownership and gets to keep all the profits from the sale.
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше: