Tawfiq Abdulsamad

Tawfiq Abdulsamad

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Tawfiq Abdulsamad is an Edmonton-area real estate investor who, along with partners, invested in a $1.8 million project to purchase multiple detached homes for rental purposes. His plans were jeopardized by a sudden policy change from the Canada Mortgage and Housing Corporation, which blocked access to commercial-grade mortgages for such properties.

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Recent news mentions

Tawfiq Abdulsamad is an investor whose application for a commercial mortgage was rejected by CMHC due to new policy changes.

Builders blindsided by CMHC move to block popular mortgage scheme
The Globe and Mail·CanadaCanada· 2025-03-05
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