Ontario

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A developer close to Doug Ford bought this farmland and got special permission to build ‘desperately needed homes.’ Then he sold a chunk for what appears to be a huge profit (www.thestar.com)

submitted 2 years ago by moormaan to c/ontario

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"Property records obtained by the Star show that Rehmatullah’s company Flato Upper Markham Village Inc. recently sold a large chunk for $62 million — four times what he originally paid in 2017 for the entire 102-acre property. Representatives of Flato have insisted that the company retains ownership of the lands and will be involved in its development, but have refused to provide details regarding the interest it currently holds in them."

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