Canada Begins Real Estate Developer Bail Out With 55 Year Loans -...

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2024-06-05 04:21:57 - Translate -

The developer bailout will help borrowers repay their loan over two generations, with projects at risk of default now able to extend their repayment term up to 55 years.
https://betterdwelling.com/canada-begins-real-estate-developer-bail-out-with-55-year-loans/

The developer bailout will help borrowers repay their loan over two generations, with projects at risk of default now able to extend their repayment term up to 55 years. https://betterdwelling.com/canada-begins-real-estate-developer-bail-out-with-55-year-loans/

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Canada Begins Real Estate Developer Bail Out With 55 Year Loans - Better Dwelling

Canada’s record population growth combined with slowing new home construction might seem paradoxical at first. The Government of Canada (GoC) claims it’s because housing is “illegal” but a confidential memo sent to lenders indicates it’s an issue of leverage. The CMHC quietly notified lenders they’ll be extending the maximum amortization, or length of repayment. The […]

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