REPORT: Irresponsible lending uncovered in Toronto condo market report

According to a report produced by equity research firm, Veritas and reported by Huffington Post Canada, serious questions are now raised about the possibility of irresponsible lending practices in the Toronto condo market.

What you need to know about the housing bubble

Giving thanks to tighter banking regulations and lending standards, Canada has been able to sidestep out of control housing prices.

Mortgage rule changes go into effect today

Beginning today, lending institutions can only issue home equity loans up to a maximum of 80%, down from 85%, of a property’s value.