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#8111002 - 02/27/15 05:16 PM Big banks boost condo financing...
Wildout Offline
Post Master Jr


Registered: 11/26/07
Posts: 1767
Big banks boost condo financing even as unsold units in Toronto hit 21-year high

http://business.financialpost.com/2015/0...t-21-year-high/

 Quote:
Banks are boosting financing to condo developers even as the number of unsold units in Canada’s largest city reached a 21-year high in January. There are about 1,600 unsold units on the market following a record number of completions in January, according to a report from Sal Guatieri, senior economist at Bank of Montreal.

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#8113035 - 03/02/15 09:36 AM Re: Big banks boost condo financing... [Re: Wildout]
SilverSiR2 Offline
Post Master Supreme


Registered: 04/10/02
Posts: 12624
This is a click-bait headline that I would expect from Buzzfeed, not The Financial Post. If you look at the graph, vacancy rates have dropped and this is really a non-story.
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