08.10.2008 - Canada: Commercial real estate starts to feel the pinch
From Canada: Global economic jitters are starting to catch up to Montreal's commercial real estate market, a study by real-estate consulting firm GVA Devencore says. Devencore president Jean Laurin said that banks have tightened credit significantly, but expressed confidence that other lenders, notably pension funds and insurance firms, will step into the breach. "It's a fact that banks are being more careful," Laurin said, "but other large institutional investors still have dollars coming in and they have to invest those dollars.".... Full Article: Source