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🚨 Another pre-construction up in flames in Langley, BC. We’ve seen this before—when appraisals collapse and projects can’t close, fires follow. Hey Jon Flynn | Housing Data & Hard Truths, add this one to your list.

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Shazi

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213,545 views • 1 year ago •via X (Twitter)

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27 purchasers signed agreements to buy into this Niagara Falls townhouse project. Construction has been suspended. The project is now in receivership, and the receiver says it's investigating the status of purchasers' deposits. Canada's housing story isn't just about prices anymore. It's also about projects that never reach the finish line. H/T Jon Flynn | Real Estate Data & Analysis
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27 purchasers signed agreements to buy into this Niagara Falls townhouse project. Construction has been suspended. The project is now in receivership, and the receiver says it's investigating the status of purchasers' deposits. Canada's housing story isn't just about prices anymore. It's also about projects that never reach the finish line. H/T Jon Flynn | Real Estate Data & Analysis

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