The whole nation has been talking about the Calgary flood ever since they swept out a large portion of that city at the end of June. And while we’ve talked here about how home sales have been booming in Calgary ever since, there’s another phenomenon happening here, too. Lenders are demanding re-appraisals on properties that they’ve already approved.
via Re-appraisals Demanded in Calgary after the Flood | Canadian Mortgages Inc..
- Calgary realtors see ‘crazy’ rush of home buyers after flood (vancouversun.com)