Comments on: No, Canadians Won’t Lose Their Homes As A Result of Mortgage Stress Testing

By: Canadian Regulator Confirms It’s Harder To Get A Mortgage With Foreign Income Now | Better Dwelling

Thu, 22 Feb 2018 13:53:05 +0000

[…] the borrower, their finances, and the home’s value for uninsured mortgages. We’ve already discussed most of this in painful detail, quite a few times. Heck, we even crunched the numbers on how many people can still afford a […]

By: kris

kris — Thu, 19 Oct 2017 03:02:44 +0000

In July 2015 the average TorontoMLS price was $609,236
In June 2017 the average TorontoMLS price was $793,915

So……..”it’s not until 2015 that we break out of range”…..guessing the correction would then be around the +20% mark or $140,000 against today’s average price and spread over the next few years until support is met…….all the other downside global risk factors aside as if we live in a complete bubble?

By: Average Joe

Average Joe — Mon, 16 Oct 2017 23:12:17 +0000

Here is the play book. Regular people won’t be able to afford homes, massive number of sellers will flood the market, prices will crash and Wall Street will be buying up homes like they have done in the US after their real estate melt down. Greeeat!!! Bravo!!! There is no stress test needed but just better regulators for the subprime disasters and fraudsters

By: LOL

LOL — Thu, 05 Oct 2017 06:16:31 +0000

So Government of Canada wants to protect the Canadian interest by sabotaging their dream of first home, and forcing them to pay more interest & fees to the bank. Brilliant ideas!

Our government is doing the right thing because the current real estate price is not sustainable. If government do nothing now, the price will fall dramatically in near future and that will hurt a lot of people. And the new rules will cut real estate price by 10% +, existing home owner should thank our government for pull us off the cliff, potential new buyer should thank our government for making home more affordable, and bank should thank our government for making boat loads of money. What a wonderful world!

By: This Week’s Top Stories: Canadians Might Lose 25% of Their Mortgage Leverage, and Real Estate Prices Drop For A Third Month | Better Dwelling

Sun, 01 Oct 2017 14:16:49 +0000

[…] No, Canadians Won’t Lose Their Homes As A Result Of Mortgage Stress Testing […]

By: dana

dana — Fri, 29 Sep 2017 19:04:58 +0000

Some comments on here made me laugh; very interesting. To me, it looks like nothing really changed, except forcing the lenders to FOLLOW the underwriting principals; stop giving loans to non-qualify borrowers just because you are going to be bailed out anyway!! LOL I guess HCG case from this year was the warning, but greed is greed…

By: dana

dana — Fri, 29 Sep 2017 18:49:43 +0000

In reply to Bay Street Guy. so true!! "If only all banks had to assume their own risks, and taxpayers weren’t subject to pick up the bail out whenever they fail. Then we’d see much more responsible lending practices enabled."

By: Beh G.

Beh G. — Fri, 29 Sep 2017 08:19:39 +0000

It’s a very sad state of affairs when governments must step in with regulations to protect their citizens from their own greed, ignorance and stupidity!

On another note, I notice Russian trolls are now alive and well in BD as well. After Brexit, Trump and now the Catalonia referendum, not sure what they’re trying to accomplish in Canada.

By: Willy

Willy — Thu, 28 Sep 2017 18:20:08 +0000

I’m confused. Does this mean the price will keep artificially going up?

By: Angela

Angela — Thu, 28 Sep 2017 15:33:59 +0000

Downtown Toronto real estate will continue to climb in value at a rate of 50% every year. Toronto is a city of equality, feminism and sexuality rights, and demand will continue to rise for our world class city which is way better than New York City.
Now, if the City of Toronto can enforce laws to round up all of the misogynistic and rapey-looking homeless men who harass us on how we dress, and send them back to where they came from, that will be great.
I, as a woman, should not be criticized, judged or harassed because I prefer to ride my bicycle in the nude every year at World Naked Bike Ride. It is legal to be naked in Toronto. Go back to where you came from if you have a problem with women in Toronto preferring to be nude in public during this heat wave.