No 20% requirements for any amount now?This quote is hidden because you are ignoring this member. Show Quote
No 20% requirements for any amount now?This quote is hidden because you are ignoring this member. Show Quote
Ultracrepidarian
Insured? Not that I’ve seen yet.This quote is hidden because you are ignoring this member. Show Quote
The lenders need to develop products for these new rules though, so we will see.
For conventional, they all have sliding scales (ie: 20% down to $1m, 35% over that). But with this being insured, we will see.
My bad, it is laddered but will definitely will boost pricesThis quote is hidden because you are ignoring this member. Show Quote
sig deleted by moderator, because they are useless
The goalposts will be moving on these rapidly. A combination of inflation and some sort of defense against a real estate conflagration in Canada. Our RE market is so distorted. We shouldn't even have CMHC. It's so dumb.This quote is hidden because you are ignoring this member. Show Quote
Yes, the problem with the Canadian housing market is that people cant borrow enough.
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** While putting down as little as possible.This quote is hidden because you are ignoring this member. Show Quote
2.3MM in Killarney is reaching. Big house though
https://www.realtor.ca/real-estate/2...lgary-richmond
Last edited by msommers; 09-17-2024 at 02:13 PM.
Ultracrepidarian
People: we can't afford housing.This quote is hidden because you are ignoring this member. Show Quote
Feds: Let me allow more buyers into the market. Into more debt and less likely to afford it.
Followed by...This quote is hidden because you are ignoring this member. Show Quote
People: "Let's vote for you again - dErP!"
Yep. Lenders should assess risk, price it accordingly, and be on the hook if they are wrong.
It's insane that often lowering your downpayment increases your interest rate. No rational system would operate that way.
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Heard RBC no longer honor the 65% HELOC rule. Their approval is lower than that. They definitely don't want to hold the bag on this. Especially after absorbing HSBC.This quote is hidden because you are ignoring this member. Show Quote
That’s probably value dependent… no one wants to extend a 7-figure HELOC…. Unless you’re a private banking client/have enough assets with them to offsetThis quote is hidden because you are ignoring this member. Show Quote
It’s a feeding frenzy out there right now for loans… the big 5 are cutthroat at the moment
Not sure how letting more people into the market and allowing people to insure 50% more is going to help affordability. It's like Freeland owns a bunch of houses in the $1-1.5M range and wants to unload before her next job review. Kinda like the west LRT.
My Tesla referral link: https://ts.la/moon14483
Tesla new owner FAQ: https://forums.beyond.ca/threads/411...37#post4928237
Easy. The young people for whom home ownership is just out of reach that will be most affected by this are a key voting demographic for the liberals.
That and this change is easy as fuck to implement, actually building homes would require the liberals to do something tangible and measurable which they are patently incapable of.
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote