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Daily Archives: May 4, 2017
One of Canada’s largest realty investment co’s files for creditor protection
Late in the cycle, richly valued real estate becomes much less liquid than most expect. Walton Group is one of Canada’s largest real estate investment companies, owning 100K+ acres of property in Alberta, Ontario and the US through a complex … Continue reading
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Canada’s housing bubble driven by lax lending and domestic speculation
David Madani, senior Canadian economist at Capital Economics joins BNN for reaction to the latest Toronto housing data. As new listings see double-digit increases and sales dip in April, he says people might be getting concerned about the frothiness in … Continue reading
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Supersized mortgages impaling Canadian households
Many Canadians are indebted to try and afford their lifestyle, others have been counseled by self-serving sales people to borrow money to ‘invest’. At the end of each cycle, asset prices mean revert but the debts remain. Scott Terrio, estate … Continue reading
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