Canadian Mortgage & Real Estate Markets
NPR did a feature on the Canadian mortgage & real estate markets today which you can listen to HERE. My uncle manages a real estate company in Vancouver, BC and I recall a conversation I had with him a few years ago during the sub-prime boom. He asked me about the underwriting standards at that time and I remember he was blown away by the relaxed approach. I also remember him telling me that the sub-prime craze had not imported into Canada. Fast forward to today and overall the Canadian real estate market remains healthy. I got to see my uncle last weekend and he said his business remains healthy. Maybe we could learn a thing or two…
Posted: September 1st, 2010 under Housing & Real Estate.
Tags: canadian mortgage system, NPR story on canadian mortgage industry