Fairness for buyers of pre-construction homes

Mattamy Homes Kleinburg Summit keeps reducing the price of the houses they are selling. We need to stop them now. It's been x2 20k reductions since the winter. So 40-60k reduction thus far. Mattamy can't do this to us.

Hi Everyone, Is there anyone who closed the property with Rosehaven and negotiated the price in Mountpleasant Brampton area. My closing is coming and need some guidance regarding the price negotiation, if anyone guide me with Rosehaven or any other builder than would be great help

May 13,2019 I purchased Rosehaven built in Brampton and my closing in Aug 2019 . I am also facing the same problem as others. These builders are corrupt and govt changes the rules without thinking of middle class .

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Markets changed selling our home we lost over 250K that’s a big chunk. Now struggling to get the mortgage for the new build. I am short 250K for closing this deal. I’m not asking for a discount.. Why can’t Mattamy help us with this as a mortgage.

I have purchased a house in Richmond green community from Mattemy, at time of purchase we asked for 5 days conditions to review itvwith our lawyer, they said it is not possible tge deals are firm, the day often signing we asked to withdrew our offer “verbally” it was refused Got stuck, sold our house about 200,000 less in gamble area, moved to my family basment Now we cannot get the mortgage Our health and our relashion ship are badly affected We are short $200,000 we are told to go to private lenders 12% interest rate We don’t know what to do Our lawyer only tell us if u walk away I loose your $361,000 deposit and u get sued I am questioning is he working for us or builder Why builder/ government and lender don’t work together to address the issue One option is to introduce 40-50 years amortization Bulilder provide financing fir short falls Government to force appraiser and lender to appraise the value of purchase We lost over 500,000 in 2 years Very is the concerned government to help consumers? Who not only can fulfill their dream of home ownership but also at risk of severe health issues and financial disaster Who governs appraisers Why they don’t appraise reconstructions to their value May be they should have a policy all new construction deals worth 36% less in value at time of appraisal Why is it that some lenders “to, RBC, Cibc” approve and hold rates for sites who does the appraisal for them? We would like to know if we can start a class action lawsuit against the government

Claudia or anyone affected- please email me - all discussions are confidential- I am affected as well by the govt. & builder [email protected]

they have said they can sue for all the costs have you tried to ask them if they can help you? I is a nightmare and so sad/horrible seeing people walk away and mattamy reselling Builders have all the rights and buyers have zero rights

Is the builder (mattamy) going to sue us if we are unable to close and forfeit the deposit?

New home buyer in trouble with market cooling measures

Hi I am wondering what happened to the people in the news and with the same situation. There has been no update. Did you manage to close, did builder give you a credit or did you default Please email me since I think we need to go to the government with these issues. Builders are doing whatever they want to, while buyers are suffering and this is a real disaster for people Please email me at [email protected] But only people who are directly affected with a story to share. Thank You

Wenry Hong

Henry Wong

Doug ford's fault. See globe article. he is friends with me.

is unfair for buyer.

Let more buyers speak out their voices, let the CEO of mattamy Brad Carr know how many buyers really unable to close the house. This is something people can easy do but may not do yet.

I believe everybody should actively argue with mattamy, no matter how mattamy will respond. the key thing is pressure test let people lost the power to borrow a regular mortgage. it is not fair to just let buyers to suffer the lose and let builder to take super profit. the more people insist on fairness. The more fairness we can struggle to get. let others hear your voices. by all means you can do it!