Someone is getting Fired..Very Expensive Houses being Built go Up in Flames

«@416citizen lol you from Ontario too?»

«@SquidwardBussy This looks like the houses that went up in Kanata a few years ago just outside ottawa.»

«@Salinan these are homeowners that aren't able to close on pre-construction houses because interest rates are too high and people aren't getting approved for financing or they bought these in speculation with only 10-20% down with the intent of selling or 'assigning' the contract to another buyer for a profit but now because the market has shifted, they can't sell for a profit and now don't have the funds to close. Lots of speculators and people that can't afford todays interest rates are walking away from homes with big losses anywhere from walking away with no profits to losing $200,000+»