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08-22-2012, 07:24 PM
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Country: Canada
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Originally Posted by Scurr View Post
We also have much tighter mortgage rules etc.
You mean those 0% 40year mortgages (LOL) that the BoC allowed into effect in 2003 and decided to eliminate just a few months ago?

We have some dodgy mortgages on the books, especially in Vancouver where average household income is $70k.

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