Is there a Potential Canadian Housing Bubble? A Concern For 7 In 10 Lenders: Report

Posted by Real Estate Snatch Wednesday, July 09, 2014

Home equity loans and credit cards topped the list of areas of concern.

Seven in ten Canadian mortgage lenders are concerned the country’s real estate sector is headed toward an unsustainable bubble that could burst at any time, according to a new survey.

The poll by analytics company FICO found that risk managers at Canadian banks are worried not only about real estate, but about other forms of consumer debt. Home equity loans and credit cards topped the list of areas of concern.

READ FULL STORY:  Courtesy of Huffingtonpost.com

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REAL ESTATE SNATCH is the independent real estate blog of Samir Safadi, Sales Representative of West-100 Metro View Realty Ltd, brokerage it is dedicated to covering Real Estate News, digital culture, social media and technology, providing analysis of trends, Market Data , reviewing new development. Offering Real Estate services resources and guides. Services are provided to prospective buyers and sellers of real estate by Samir Safadi, Sales Representative, West-100 Metro View Realty Ltd, brokerage, duly registered in the province of Ontario, under Real Estate and Business Brokers Act, 2002 (REBBA 2002) and Member in good standing with

 

 

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