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Is housing start decline a sign the market is finally slowing down?

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Canadian Realestate Magazine | 11 Nov 2015, 01:29 PM Agree 0
Housing starts dropped in October, a decline some see as an indicator that the housing boom may finally be slowing
  • Mortgage Guy | 11 Nov 2015, 02:49 PM Agree 0
    This is because OFSI made the lenders tighten up lending practices where some lenders won't lend beyond 75% of the value of the condo due to fear mongering. Meanwhile Benjamin Tal of CIBC states the absorption rate has been good and units are being sold. There seems to be a disconnect between CMHC and what is actually happening, we do not see this in Toronto.
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