Comments on: Canada’s Housing Bubble http://www.yourlowmortgage.ca/2009/11/canadas-housing-bubble/ Toronto Mortgage Broker - Low Mortgage Rates Wed, 24 Aug 2011 21:07:47 +0000 hourly 1 http://wordpress.org/?v=3.0.2 By: admin http://www.yourlowmortgage.ca/2009/11/canadas-housing-bubble/comment-page-1/#comment-59 admin Sat, 07 Nov 2009 16:50:46 +0000 http://www.yourlowmortgage.ca/?p=453#comment-59 Great point David. Thanks for the comment! Great point David. Thanks for the comment!

]]> By: David Pylyp http://www.yourlowmortgage.ca/2009/11/canadas-housing-bubble/comment-page-1/#comment-58 David Pylyp Sat, 07 Nov 2009 14:59:33 +0000 http://www.yourlowmortgage.ca/?p=453#comment-58 I absolutely agree with you about Mortgage Insurance and CMHC. Newspaper people are in the business of creating print fodder for readers to consumer that advertisers can frame. The foolish notion that CMHC is artificially crafting or prompting the market forward is poor business thinking. We may as well compare ourselves to countries without banking systems in place and copmpare the 30 to 50 % downpayments required on any purchase. First time buyers are a welcome component of the housing market but they are not the entire market. Maybe we could all live in social assisted housing until we save the downpayment. Maybe we could live in co operatives? Absolute silliness. No worthy of the attention she received. David Pylyp Living in Toronto I absolutely agree with you about Mortgage Insurance and CMHC.
Newspaper people are in the business of creating print fodder for readers to consumer that advertisers can frame.

The foolish notion that CMHC is artificially crafting or prompting the market forward is poor business thinking. We may as well compare ourselves to countries without banking systems in place and copmpare the 30 to 50 % downpayments required on any purchase. First time buyers are a welcome component of the housing market but they are not the entire market.

Maybe we could all live in social assisted housing until we save the downpayment.

Maybe we could live in co operatives?

Absolute silliness. No worthy of the attention she received.

David Pylyp
Living in Toronto

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