Tuesday, January 26, 2010
I read an article today on the potential downfall in commercial real estate which could affect the canadian markets quite severally. The us is haeding for a mojor correction in the fiancing of the current buildings and any new projects are at 50% or lower fiancing. I did talk with a commercial realtor today in the local south surrey area and the market is very strong and doing well. He said that the markets have been talking about this for two years and have factored the pricing ito this already. If there is a commercial meltdown in the US, we are going to see all secotrs be hurt as this will mean more job loss. Something to watch for in the ecnomy.