Dozens of buyers who thought they were buying their dream homes in two Oakville housing projects early last year when the real estate market was still riding high, say they never expected home values would fall so low or that interest rates would rise so fast.
Now their builder, Mattamy Homes, is selling the same kind of pre-construction houses in the same communities for as much as hundreds of thousands of dollars less — a move the purchasers say is undermining their already impossible financial situation.