- Joined
- Dec 14, 2013
- Messages
- 980
Two people with direct knowledge of the matter said that lenders had reduced their average valuation on properties by 12 to 15 per cent since March.
Source: http://business.financialpost.com/p...ash-wreak-havoc-in-canadas-top-housing-market
“I would say about 20 per cent of our files are now asking for secondary financing. That is a marked increase,” said Brewer.
Is this an asset bubble bursting? My two cents...long overdue.
Source: http://business.financialpost.com/p...ash-wreak-havoc-in-canadas-top-housing-market
“I would say about 20 per cent of our files are now asking for secondary financing. That is a marked increase,” said Brewer.
Is this an asset bubble bursting? My two cents...long overdue.