Vancouver Real Estate and the US Marketplace
March 30th, 2007Back to subprime lenders. Last week I did a brief blog on them. I have since read a media report that says that US subprime mortgage lenders are/are planning to pour into Canada as the next untapped market….it notes that these lenders are fine in a rising market because the property price increase buffers the payments. Defaults occur in a falling market where payments are too high based on a ...