Talking About Canada's Housing Market on CTV News

[omfggoogle]

Toronto is still very cheap compared to a lot of other countries, so people will continue to buy even if the locals don't. Chinese will invest in Canada over America because they know it's a safer market and also a safer place to live.

[orangedac]

@omfggoogle

nobody can afford these houses except with a 30 year mortgage.

its silly to be a debt slave for 30 years to buy a house from a bank that never owned it in the first place.

[orangedac]

@omfggoogle

nobody can afford these houses except with a 30 year mortgage.

its silly to be a debt slave for 30 years to buy a house from a bank that never owned it in the first place.

[TheRockToronto777]

@orangedac don't worry....when the mortgage comes up for renewable in 5 years and they can't afford the payments...it ends up being only 5 years

[orangedac]

@TheRockToronto777

yea 5 years... and bankruptcy proceedings follow.

[TheRockToronto777]

@orangedac yep exactly

[unpredictable420]

" Use to have a steady" housing market till in 2007 CMHC and AIG were permitted to insure any house at any price and lift the ceiling for unpractical lending. Now we are fucked, thanks PC government and AIG, now I don't have a steady job anymore in this industry and foreign works are driving down the wages! FUCK YOU!!!

[RateSupermarket]

Hi there - this interview aired on August 31, 2010.

[mechman4]

What is the date on this news story?