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Toronto Developers Stay Afloat Borrowing Against Unsold Condos

Summary by Bloomberg
Real estate lender Nav Deo has been taking a lot of calls from Toronto developers that suggest things are getting desperate.

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Toronto Developers Stay Afloat Borrowing Against Unsold Condos

Real estate lender Nav Deo has been taking a lot of calls from Toronto developers that suggest things are getting desperate.

·United States
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mpamag.commpamag.com

First Ontario, now Vancouver: Condo crisis forces developers to cut staff, sell properties

Industry faces "cost-of-delivery crisis" amid rising rates, stalled presales, and investor retreat

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Bias Distribution

  • 100% of the sources lean Left
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Bloomberg broke the news in United States on Wednesday, July 2, 2025.
Sources are mostly out of (0)
Stories disproportionately reported by the Left or the Right

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