It seems city councillors have been taken in … AGAIN! Now the developer/builders of the new condos in The Exchange have figured another way to fleece the public… via our naive city councillors.
Here’s an explanation of the scam:
Price the condo to make a great profit, after of course, negotiating every tax and construction advantage from the city, and then instead of lowering the price $10,000 to encourage sales, convince City Council to kick-back that $10,000 to you via the prospective buyer.
The only thing missing is the brown paper bag!