After being vilified for its plans to buy $1-billion worth of houses in Ontario to rent them out, Core Development Group Ltd. says it now also wants to build new rental houses from scratch, writes Younglai. Two years ago, Core’s founder and chief executive officer, Corey Hawtin, told The Globe and Mail that the company would buy hundreds of detached houses in mid-sized Southern Ontario cities, which was met with a wave of criticism and accusations of taking homes away from Canadians. Hawtin says he now sees a chance to build single-family homes that are purpose-built for rental. The company is under contract on two sites, one in Kingston and one in London, which Hawtin says each have the necessary permits for up to 250 single-family homes.
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