Canadian condo developer desperation spreading

From its website, Carlisle Group says it “is the market leader in developing low rise condominiums catering to the entry level market and the down-sizing market, offering them a price competitive quality home.”

Can’t come up with even 5% down?  No problem, Carlisle Group will help you with an “easy monthly payment plan” for the downpayment.  Lose your job? No problem: “you lose your job, we pay your mortgage.”  This is a level of “catering” reminiscent of the US subprime mortgage market in 2006.  Is Canadian housing the next ‘big short?’

Carlyle group ad

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