They paid top dollar for pre-construction homes at the market peak. Now their builder is selling the same models for far less.

They paid top dollar for pre-construction homes at the market peak. Now their builder is selling the same models for far less.

Mattamy buyers say they’re in a desperate situation, as values of their homes fall hundreds of thousands under their purchase prices.

They paid top dollar for pre-construction homes at the market peak. Now their builder is selling the same models for far less.

Dozens of people 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 s…