Aug
26
From one of Canada’s tallest apartment towers to bare tracts of land, residential development projects across the country are increasingly being pushed into receivership. Small, loosely-regulated lenders in Canada who rode a pandemic housing increase to supply mortgages at high rates of interest at the second are displaying signs of stress as a spike in living costs pushes some householders towards a default. As many Canadians try to squeeze each last greenback out of their budget to cope with the soaring value of residing, monetary experts say chopping expenses to the bone just isn’t at all times a viable option…