Rocket surgeons perform operation on unfinished homes.

Insurance fraud?
 
My suspicion; they owe the builder money given swings in markets and they cannot secure financing so close to occupancy. They otherwise get sued by the builder who would push to sell the home at a loss for the owner or they find a way to walk free of obligations. insurance fraud solves their problem, at least on paper.
 
Edmonton went through this for a long time. Extortion was the name of the game
 
Extortion eh? What more can you tell me about Edmonton's arson phase?
 
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24 plus arsons. Arson attacks are still occuring but they are trying to keep that info out of the news as ppl are terrified and think the police caught their guy

7 new arsons in the Holyrood neighbourhood. This link below lists 2 but there have been many more


Arson / extortion patterns are popping up all over Canada. Calgary is experiencing this too
 
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Likely can’t finance the house because valuations are down. Example; bought 3 years ago for $1.5m, home finishes today worth $1.2m, bank says we won’t finance that missing $300k, come up with it yourself. Other option is walk, lose all deposit money and get sued. New Canadian option; torch house, can’t close now! Kick can down the road, renegotiate builder contract or maybe get out of it completely.

All in all fuck the banks for front running the housing chaos in 2020-2022. A lot of regular people who just want to live a normal life in the gta shit hole are financially ruined for decades.
 
I worked with a few guys that were buying these pre builds in the GTA around 2019 and making great money reselling them upon completion. I wonder if they cashed out in time or kept it going. Everyone involved thought they could never lose because "it's Canada".
 
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