While the RCMP would not disclose the target of the searches, sources confirmed they included the offices of
Fortress Real Developments
FDS uses
Fortress Real Developments of Richmond Hill, Ont., a Canadian real estate development company that seeks out and analyses investment opportunities in major Canadian markets.
So, it's more than a little surprising when a report, released today by Ben Myers, SVP for
Fortress Real Developments, suggests that the analysis of the housing market requires a bit more context, and a lot less speculation.
A crackdown in Ontario last month put the spotlight on these products when the province's financial services regulator issued $ 1.1 million in fines against four parties that were involved with syndicated mortgages for real estate development projects in which Ontario - based
Fortress Real Developments Inc. was a developer or development consultant.
Not exact matches
The RCMP conducted a search of
Fortress Real's head office in Richmond Hill on Friday morning - the latest
development in its investigation into syndicated mortgage fraud
Prior to joining
Fortress, Mr. Garfield spent 12 years with Hudson Realty Capital LLC as a Managing Director responsible for loan originations, equity investments, business
development and building and maintaining
real estate industry relations.