News

BlogTO has selected the Wellington House Project one of the best developments of 2016!

"We always said next week, next month we will get it done".

I come across this far too often. If this sounds like you, lets chat. The emotional stress will always be there, at least we can help with the financial stress and relieve that burden.

Building and Development Mortgages Canada Inc. (BDMC) announced today that lenders in a syndicate mortgage that funded King Charlotte, a Lamb Development Corp. (LDC) and Fortress Real Developments Inc. (Fortress) project in Toronto, received their principal back in full and an estimated total return of 48.69%* which included 8%* per annum over six years.

New mortgage rules mean that you now need to earn more money to afford a home if your down payment is less than 20%.  Find out how much more income you need to afford the average home in your area.

"This is another perfect example of how there are multiple exit strategies for syndicated mortgage lenders," said BDMC mortgage broker Vince Petrozza. "The undersupplied single-family housing market combined with a marketable site taken through the bulk of the land approvals process, resulted in a much more valuable site in 2016 than three years earlier."