Growing Distress in Canada’s Condos Turns Lenders into Developers

Article Repost from bnnbloomberg.ca Nov 20, 2024https://www.bnnbloomberg.ca/business/real-estate/2024/11/20/growing-distress-in-canada-condos-turns-lenders-into-developers/By Ari AltstedterSee above link for video by Author   (Bloomberg) Some lenders to Canada’s distressed condo developers are finding they have little choice but to buy the troubled projects they backed and finish the buildings themselves. As the country faces its biggest wave of receiverships among real estate developments […]