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Mortgage Broker News | 24 Dec 2014, 05:56 AM Agree 0
With more people wanting to live nearer the city core there is a growing interest in micro-condos.
  • Angela Wong-Liao - Invis | 24 Dec 2014, 09:10 AM Agree 0
    Micro condos creates an issue in financing as some lenders will not consider if unit is smaller than 600 sq ft, some lenders may consider on exception but potential higher pricing and limited terms.

    Some lenders consider higher risks because it is a lot more difficult to sell than regular size condos should applicants defaulted in payments and market value dropped.
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