Concessionary Financing, the Salvation of the Housing Markets #20

Legally Speaking

By Gerry NeelyB.A. LL.B. An article in the Financial Times of Canada of April 12, 1982 reviews the extent to which “concessionary financing” by vendors has been the salvation of the housing markets in the past few months. The article in question suggests that in Canada and the United States, 70% and 500710 respectively of house sales

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