Tag: pre construction condos Canada

• Canada’s Banking Regulator Warns Banks About Condo Mortgage Appraisals as Prices Fall

  

  Canada’s banking regulator is raising concerns about how some mortgage approvals are being handled as condominium prices decline across major cities like Toronto and Vancouver. New documents obtained by Reuters show that the Office of the Superintendent of Financial Institutions (OSFI) warned major Canadian banks about the risks of using “blanket appraisals” for condo mortgages…

  Kaleylangille

  March 22, 2026

  Uncategorized

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