Advisory firm working with banks on real estate concerns

Real estate advisory firm Altus say they are working with two major banks to help them assess their risk from real estate following concerns by regulators of the frothy market.

The firm’s CEO Bob Courteau says that recent announcements by the Bank of Canada and the CMHC reflect the vulnerability of the economy to the housing market. He says that although both organisations are predicting a soft landing, the banks are keen to have clear information about their exposure.

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