Is there a Potential Canadian Housing Bubble? A Concern For 7 In 10 Lenders: Report

Home equity loans and credit cards topped the list of areas of concern.

Seven in ten Canadian mortgage lenders are concerned the country’s real estate sector is headed toward an unsustainable bubble that could burst at any time, according to a new survey.

The poll by analytics company FICO found that risk managers at Canadian banks are worried not only about real estate, but about other forms of consumer debt. Home equity loans and credit cards topped the list of areas of concern.

READ FULL STORY:  Courtesy of Huffingtonpost.com

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