The long term bond risk premiums are still relatively low in the private mortgage insurers. They must have their faith in Justin Trudeau if things go awry.

The people clueless about the lag period of time in rents and home prices are the ones still attempting to buy at the lowest end of the housing market. The lowest end of the market has held up best skewing prices lower as more sales are at the low end. The next phase in the housing decline will be rents falling sharply around the end of this year and the bottom falling out of the lowest end of the housing market.

You can’t get a soft landing with the Chinese out of the housing market as buyers. The market will fall until they reenter the housing market as buyers then prices will jump double digits one a single month, yes in one single month a 10+ percent gain. The Chinese don’t buy into falling markets of any type real estate or anything else. I lived through the years of Agincourt in the mid 1970’s and have lived in Markham since 1982.

The Federal is every 5 years so 2025 will be the next election. Trudeau will never call an election before then I guarantee it.

It’s a scam where banks issue sub prime mortgage junk and insure it for peanuts against default on the backs of taxpayers.

The private insurance market is supposed to price risk and the premiums they would charge for insuring such sub prime mortgage junk is sky high.

I hope taxpayers will not be forced to pay the mortgage defaults of real estate flippers via CMHC.

It’s a scam where banks issue sub prime mortgage junk and insure it for peanuts against default on the backs of taxpayers.

The private insurance market is supposed to price risk and the premiums they would charge for insuring such sub prime mortgage junk is sky high.

This