The Globe and Mail reports on a hidden risk in Canada’s housing markets: The rise of automated lending approvals, which have created a rapid-fire system that has financial regulators worried about the foundations of Canada’s housing market – that the true value of Canadians’ homes could be far lower than what computerized or human appraisers have estimated.
Click here for a short video summary and read the full story here at Shaky Foundations: how Ottawa’s computers get Canadian home prices wrong
http://www.pierremp.ca/budget/