[interested]

To my knowledge, any investor who bought prior to Flaherty's announcement will not have to meet the new 20% downpayment requirement as long as the P&S was signed before the announcement, so the above wouldn't apply. However, the sheer number of investor bought units in 2007 (I'd guess around 50% of all new units vs. a more normal 20-30%) means that gargantuan availability is coming and if they can't rent it out, it'll go on the market, etc....

I am not sure even if Flaherty grandfathers those purchasers that the banks will be willing to give the loan or at a favourable rate unless it was pre arranged and within the 3 year time limit usually given to pre financing arrangements. As we know, alot of projects take more than 3 years from time of signing to registration.