Comments on: Toronto Real Estate Market Recovered Faster Than We Hoped http://ellidavis.com/toronto-real-estate-news/2009/07/toronto-estate-market-recovery Central Toronto real estate. Exceptional Neighbourhoods, Exceptional Service. Top realtor in Toronto for Royal Lepage since 1987. Sat, 05 May 2012 13:09:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Investor http://ellidavis.com/toronto-real-estate-news/2009/07/toronto-estate-market-recovery/comment-page-1#comment-716 Investor Sun, 08 Nov 2009 05:04:43 +0000 http://ellidavis.com/2009/07/toronto-estate-market-recovery#comment-716 To blame the US housing collapse on subprime is just silly. US market gave up because there was no one left to bid up the property values any more. What do you call mortgages in Canada that are currently underwritten? They are below prime, aren't they? Why is CMHC underwriting currently most of the mortgages? Candians have VRM, if interest rates rise they will face higher payments. This will show how truly healthy the Canadian market is, but it will take a while. It seems to me that everybody is rushing to buy now or never and once this current demand is satisfied the playing field will change. To blame the US housing collapse on subprime is just silly. US market gave up because there was no one left to bid up the property values any more. What do you call mortgages in Canada that are currently underwritten? They are below prime, aren’t they? Why is CMHC underwriting currently most of the mortgages? Candians have VRM, if interest rates rise they will face higher payments. This will show how truly healthy the Canadian market is, but it will take a while.

It seems to me that everybody is rushing to buy now or never and once this current demand is satisfied the playing field will change.

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