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The beginning of 2014 saw developers offering incentives, including reduced deposits and waived assignment fees, while others offered up to $30,000 cash back on a sale.
The beginning of 2014 saw developers offering incentives, including reduced deposits and waived assignment fees, while others offered up to $30,000 cash back on a sale.
(Fred Lum/The Globe and Mail)

Home Capital rebound crushes ‘Short Canada’ trade

Home Capital Group Inc. is contrasting recent financial success against its trying battle with short-sellers, as one key opponent has reportedly closed its doors.

While the Canadian housing market hasn’t escaped threats of a more serious correction from economists and industry watchers, the promise of a soft landing is holding. Gerald Soloway, chief executive of the alternative mortgage lender, says the housing market is stable and that Home Capital’s decision to ignore naysayers in the past year has paid off for investors.