Major real estate developer Camrost Felcorp has rolled out a sales incentive on two of its Toronto-area projects that goes directly at the fears of rising interest rates by promising a to cover three per cent of a condo’s mortgage’s interest payments for three years.Camrost Felcorp
From free Louis Vuitton bags to maintenance-fee holidays sales incentives for pre-construction condominiums are coming back, with some builders creatively targeting a key sticking point for some of today’s buyers: rising interest rates.
Major real estate developer Camrost Felcorp has rolled out a sales incentive on two of its Toronto-area projects that goes directly at the fears of rising interest rates by promising a to cover three per cent of a condo’s mortgage’s interest payments for three years. For the 46-year old company, it’s an out-of-character sales promotion.
“We’re not an…
