Vancouver Ranked 3rd in Livable Cities Study
View Single Post
08-22-2012, 09:21 PM
Kassian = P.A.G.A.N
Join Date: Apr 2010
Originally Posted by
The housing crash in the US had more to due with the banks giving people mortgages who couldn't afford them. Banks in Canada are equipped to do this and it won't crash nearly as much as the US market did. Markets tend to crash but the dollar wasn't strong then, banks weren't nearly as prepared. Banks control the prices by how much they give people to buy homes and how much people can afford.
Canadian banks have been giving out loans people cant afford not to mention loans people may not be able to afford if interest rates start to climb.
Same as the US just different names like cash back mortgages.
View Public Profile
Lonny Bohonos's albums
Find More Posts by Lonny Bohonos