Buying Pre-Construction On Installment Plans!
Toronto Realty Blog
JULY 4, 2023
Somewhere along the way, developers started to require 20% deposits, and I think that was a direct result of the 2008 Financial Crisis and the banks wanting to know that buyers could actually come up with a 20% down payment well in advance of actually needing to close. And that was it. No further payments. Nothing due in 30 days.
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