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Mortgage Broker News | 13 Aug 2015, 12:27 PM Agree 0
One of Canada’s hottest real estate markets has been added to CMHC’s list of centres where the organization detects high levels of risk.
  • Henry | 13 Aug 2015, 01:56 PM Agree 0
    The same old story. They are saying it for the last 10 years but the price is increasing every year.
  • okay | 13 Aug 2015, 06:15 PM Agree 0
    Ponzi scheme is coming to the end and so does Heil Harper's Real Estate Party of Canada. Donald Trump is getting my vote in extra box.
  • bob | 16 Aug 2015, 02:10 PM Agree 0
    These guys are last to the Sky Is Falling party. They couldn't detect a fart in an elevator.
  • greg | 16 Aug 2015, 06:50 PM Agree 0
    Nothing lasts forever....what goes up must come down, you'll see
  • okay | 18 Aug 2015, 07:41 AM Agree 0
    PM’s promise comes too late

    http://www.theglobeandmail.com/report-on-business/rob-commentary/rob-letters/aug-18-albertas-other-norways-and-more-letters-to-the-rob-editor/article25992398/

    Re Harper vows to track foreign home buyers (Aug. 13):

    The first home my wife and I bought (in 1981) was a condo townhouse in Mississauga, walking distance from Square One mall, for $65,000.

    At one of our condominium board meetings, I discovered that fully half the units had been initially purchased by a Chinese investor from Vancouver for $35,000 apiece, in anticipation of an influx of people moving here from Hong Kong.

    So for Canada Mortgage and Housing Corp., the banks or the government or (especially) the real estate industry to “not know” the extent of offshore purchases until this summer is, at best, willful blindness. But now that it’s far too late to matter, Prime Minister Stephen Harper promises to “track foreign home buyers.”

    And as if this isn’t sufficiently ludicrous, he will now permit people to harm their own retirements by withdrawing $35,000 from their RRSPs in order to buy homes at hugely over inflated prices.

    The Canadian Real Estate Agency – of course – “cheered” this proposal, as it will mean more sales! At higher prices! With better commissions!

    Kudos to Rob Carrick for having the courage to provide an honest and thorough analysis (The home front – Aug. 13) of this desperate and dishonest proposal.
  • Wolfram | 18 Aug 2015, 10:43 AM Agree 0
    Okay - enough, save your Harper trashing for Yahoo news or some other forum. No need for Trolls on this site.
  • Felix Vortsman | 29 Aug 2015, 11:13 PM Agree 0
    The foreign buyer issue pertaining to unsold condo units is simply nonsense. Appare
  • broker | 01 Sep 2015, 01:04 PM Agree 0
    If its so risky why do they continue to insure mortgages there?
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