Big banks boost condo financing even as unsold units in Toronto hit 21-year high

According to an article post in the Financial Post, The Bank of Nova Scotia is among lenders boosting loans to condominium developers as regulators become less vocal about housing-market risk. Scotiabank is financing up to as much as 75% of a condo project’s value and others are doing the same That’s up from about 70% in the past, when banks were concerned “there may be a meltdown” and ...

• Tags: Market Reports and Conditions Century 21 Future Century 21 Milton Condo Sales Real Estate Conditions Expansion Condominium Financing Toronto Condo Sales Financial Post Real Estate Trends Scotia Bank GTA
• February 26, 2015
• Colm Walpole