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

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