B-20 proves a boon for commercial sector

Posted : April 4, 2019

While B-20 substantially cooled Canada’s residential real estate market, it’s proven a boon for the commercial sector.

“On the commercial front, we’re seeing a lot more activity on buildings of more than 5 units,” said David Goncalves, a mortgage broker and partner of Mortgage Alliance Vine Group. “We’re seeing this upswing because people got squeezed out of buying residential properties because of the lending rule change, and as a result we’ve seen significant growth in the commercial sector.”

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B-20 proves a boon for commercial sector
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