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Podcast: Property Profits Real Estate Podcast
Episode: Backing out of Pre-Construction Deals with Gordon Kallio
Description: If you’ve invested in a pre-construction property in Canada, you might be facing some tough financial realities right now. Many investors who bought pre-construction homes during the market boom are now struggling to close, as property values have dropped and banks are appraising homes for far less than their original purchase price.
In this episode of The Property Profits Podcast, real estate lawyer Gordon Kallio breaks down the legal and financial challenges investors are facing when trying to back out of these deals. He shares real-life examples of clients who are losing hundreds of thousands of do...