Runup in Canadian real estate prices reason for worry? | South Salem NY Real Estate

 

“If you run a bank,” says Toronto-Dominion Bank CEO Ed Clark, “you should be worried” about the rapid price appreciation seen in all types of Canadian real estate.

Toronto-Dominion Bank has had to say no to financing “a number of big, lucrative” deals Clark said at a bank conference in Toronto, The Globe and Mail’s Tim Kiladze reports. Other execs at the conference say there’s no cause for alarm — delinquencies remain in check, and supply and demand are balanced.

 

 

Source: theglobeandmail.com

Robert Paul

Robert is a realtor in Bedford NY. He has been successfully working with buyers and sellers for years. His local area of expertise includes Bedford, Pound Ridge, Armonk, Lewisboro, Chappaqua and Katonah. When you have a local real estate question please call 914-325-5758.

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