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Forum: Canada

May 5th 2015, 1:41 am

Replies: 164

Housing 'bubble' in Vancouver

Views: 11,176

Posted By jinglebells

Re: Housing 'bubble' in Vancouver

Yeah right, welcome Subprime (http://business.financialpost.com/personal-finance/mortgages-real-estate/subprime-lending-market-in-canada-skyrockets-to-record-as-banks-tighten-reins) :banghead:

Forum: Canada

May 4th 2015, 9:49 pm

Replies: 164

Housing 'bubble' in Vancouver

Views: 11,176

Posted By jinglebells

Re: Housing 'bubble' in Vancouver

It increases the debt levels in Canada - it encourages people who cannot afford even a minimal deposit to take out a mortgage. In Vancouver, that is siginificant imo.

Seems quite irresponsible but...

Forum: Canada

May 4th 2015, 2:53 am

Replies: 164

Housing 'bubble' in Vancouver

Views: 11,176

Posted By jinglebells

Re: Housing 'bubble' in Vancouver

I saw an ad from Vancity offering to offer personal loans to anyone who couldn't make 5% down - does anyone think this is shoddy? I thought credit unions were supposed to be socially responsible -...

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