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New bubble in condos

Started by Riversider
over 14 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
http://www.businessweek.com/news/2012-03-23/canada-banks-tighten-condo-lending-amid-bubble-fear-mortgages Some banks have been asking construction firms to put more equity into new projects in recent weeks, according to developers. Lenders have also been raising the percentage of condo units that must be pre-sold and are demanding higher deposits as conditions for financing, they said.
Response by Sunday
over 14 years ago
Posts: 1607
Member since: Sep 2009

fyi, Canada is NOT one of the 50 states of America.

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Response by Truth
over 14 years ago
Posts: 5641
Member since: Dec 2009

I will take this one, Riversider.

Riversider didn't imply that he was referring to the U.S.A. The article: canada banks...

It's a new bubble in North America where it never happened before. They are making efforts to contain it.

"New Bubble in Condos"

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Response by columbiacounty
over 14 years ago
Posts: 12708
Member since: Jan 2009

when was the last time you considered how ridiculous everything riversider says.

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Response by Wbottom
over 14 years ago
Posts: 2142
Member since: May 2010

shit..the headline got me...i'd already clicked before i saw the who the op was..

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Response by huntersburg
over 14 years ago
Posts: 11329
Member since: Nov 2010

Don't judge a book by it's cover.

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