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Old Posted Jun 5, 2018, 2:47 PM
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ardecila ardecila is offline
Join Date: Jun 2006
Location: the city o'wind
Posts: 14,411
Mortgage lending is already pretty anemic IIRC. It's definitely too cautious to fuel a true condo boom around the city. Banks are already extending mortgages to the most credit-worthy folks only, so I'm not sure they have much room to pull back in the event of a recession.

In other words, the folks buying high-end downtown condos right now would probably be doing that anyway, recession or not.
la forme d'une ville change plus vite, hélas! que le coeur d'un mortel...
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