Vancouver mortgage insight is provided by Duncan Seward a registered Vancouver mortgage broker with TMG.
The Canadian banking system is entering a challenging period defined by two “mega trends” of reintermediation and deglobalization that will result in a more concentrated and less competitive bank environment faced with a dramatic increase in demand for domestic funding, the head of TD Bank FinancialGroup said yesterday
“There will be dramatically more of the financing of Canada that comes on to the balance sheets of the banks,” Mr. Clark said. “For Canadian banks, this is a serious issue because it means that we are now not only replacing the capital market activity that used to go on, but we are also having to replace the foreign bank activity that used to go on, and the single main concentration issues that we have in banking are looming larger and larger as a result of that.”
“Just because our banks didn’t collapse, Canadians are running around saying, wow, aren’t we terrific. But the reality is this economy is going to get whacked just as hard as economies around the world.”
Vancouver real estate is the topic of most conversations in BC. Duncan’s Vancouver mortgage business gives him the insight to provide topical articles on the state of Vancouver real estate.
