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Is a GTA real estate deal that sounds like paradise too good to be true?

Paradise construction site - Vaughan

A million dollar-plus home in the Greater Toronto Area’s hot real estate market for only $700,000. A five per cent down payment. A 30-year mortgage at a 2.75 per cent interest rate. Those were the appealing terms of a real estate deal that caught the eye of a local realtor last summer and prompted him to warn Toronto’s Black community.

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