TORONTO — Canada's $15-billion a year commercial mortgage lending industry has gone from a period of excess supply into a relative drought - one that could leave the market $3-billion to $4-billion short of what borrowers are seeking in 2008.
“We're going to have a problem this year,” Reiner Plessl, director at RBC Dominion Securities Inc.'s real estate group, told attendees at a Queen's University seminar in Toronto.
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