Canadian housing market crash begins
Expired
Thread created 09-16-2012 by magoomba
+1 Score
14 Replies
2,280 Views
link is dead.
Canadian housing market crash begins
Expired
Thread created 09-16-2012 by magoomba
+1 Score
14 Replies
2,280 Views
Wow, that's crazy. The real estate pumpers must have done something.
It's available on Google cache.
...
Canadian housing market crash begins
Expired
Thread created 09-16-2012 by magoomba
+1 Score
14 Replies
2,280 Views
I guess its time for anyone that's got money to invest to open up their pockets and buy out some cheap property in Canada ... I lived there for a while and houses extremely expensive -- overpriced...
Canadian housing market crash begins
Expired
Thread created 09-16-2012 by magoomba
+1 Score
14 Replies
2,280 Views
I wasn't saying FMs prevent deficient balance, i was saying Canada is different because according to the article borrowers have full recourse - no subprime?
Canadian housing market crash begins
Expired
Thread created 09-16-2012 by magoomba
+1 Score
14 Replies
2,280 Views
I look at debt-to-income ratios (151%) and home ownership (>70%) ratios.
Both are higher now in Canada than it was in the US during the height of your crisis.
But apparently, it's different up...
Canadian housing market crash begins
Expired
Thread created 09-16-2012 by magoomba
+1 Score
14 Replies
2,280 Views
http://www.canadianbusiness.com/article/98949--preview-canada-s-housing-crash-begins
Canadian housing market crash begins
Expired
Thread created 09-16-2012 by magoomba
+1 Score
14 Replies
2,280 Views
This also is the case with most of the US. Some states prevent going after the deficiency balance but most do not.
I do not think this makes a significant difference in why people would...
Canadian housing market crash begins
Expired
Thread created 09-16-2012 by magoomba
+1 Score
14 Replies
2,280 Views
OK. Did you warn your parents about the crash and did they sell? Ironically I remember telling a buddy during the height of the housing bubble to sell his place that had doubled in value. He said...
Canadian housing market crash begins
Expired
Thread created 09-16-2012 by magoomba
+1 Score
14 Replies
2,280 Views
Probably doesn't matter to most of you but our market is finally cracking.
At one point last year my parent's 90yr old house in an average part of town Vancouver on a 32x109 lot was worth $650,000....
Canadian housing market crash begins
Expired
Thread created 09-16-2012 by magoomba
+1 Score
14 Replies
2,280 Views
It would affect badly on Canadian economics.I think Canadian government should take necessary steps to overcome this.
Canadian housing market crash begins
Expired
Thread created 09-16-2012 by magoomba
+1 Score
14 Replies
2,280 Views
Not really people. Just Canadians.
Canadian housing market crash begins
Expired
Thread created 09-16-2012 by magoomba
+1 Score
14 Replies
2,280 Views
Correct me if I am wrong, it's different than US. Because that's why there's Freddie & Fannie to guarantee those sub prime mortgages, hence the crash.
Canadian housing market crash begins
Expired
Thread created 09-16-2012 by magoomba
+1 Score
14 Replies
2,280 Views
Wont be as bad. Canadians were smarter about this than we were
http://www.fool.com/investing/general/2010/03/03/the-7-words-that-will-save-america.aspx
Canadian housing market crash begins
Expired
Thread created 09-16-2012 by magoomba
+1 Score
14 Replies
2,280 Views
People actually live in Canada?
Canadian housing market crash begins
Expired
Thread created 09-16-2012 by magoomba
+1 Score
14 Replies
2,280 Views
Freddie and Fannie protect the banks to some extent, they do not prevent the borrower from not being liable for the deficiency balance.
