Canadian Mortgage & Real Estate Markets

Posted on by Evan in Housing & Real Estate

NPR did a feature on the Canadian mortgage & real estate markets today which you can listen to HERE.  My uncle manages a real estate company in Vancouver, BC and I recall a conversation I had with him a few years ago during the sub-prime boom.  He asked me about the underwriting standards at that time and I remember he was blown away by the relaxed approach.  I also remember him telling me that the sub-prime craze had not imported into Canada.  Fast forward to today and overall the Canadian real estate market remains healthy.  I got to see my uncle last weekend and he said his business remains healthy.  Maybe we could learn a thing or two…