The Financial Post reports in its Thursday edition Bank of Nova Scotia is among lenders boosting loans to condominium developers as regulators become less vocal about housing-market risk. A Bloomberg dispatch to the Post says Scotiabank is financing as much as 75 per cent of a condo project's value and others are doing the same, according to Chris Milne, vice-president of real estate lending at the bank. That is up from about 70 per cent in the past, when banks were concerned "there may be a meltdown" and regulators were more vocal about residential market risk, Mr. Milne told a Toronto real estate conference. Banks are boosting financing to condo developers even as the number of unsold units in Canada's largest city reached a 21-year high in January. Canada boasts 1,600 unsold units following a record number of completions in January. Canada Mortgage and Housing Corp. no longer insures loans to developers to construct condominiums. A developer would need to inject more of their own equity into the project if a bank were to finance a building less than 65 per cent sold, he said. "Sales are not where they were in late 2007 where you can sell a high-rise condo in a week," Mr. Milne said. "Now it takes a while."