CMHC policies are to protect the consumer and the market dont forget that, if you dont agree cdr then put your money in the stock market it seem to be doing real good right now lol
Come be with the best!
you obviously don't have a clue what you're talking about.
CMHCs rules for providing insurance have diminished dramatically over the past 15 years:
* lower of down payments;
* extension of CMHC insurance beyond first time buyers;
* eliminated the ceiling that CMHC would cover;
* lowered the minimum down payment to qualify for CMHC insurance;
* increased the amortization that qualified for CMHC insurance from 25 to 40 years;
and much much more but as a professional realtor, you should be knowledgeable about it.
BofC has steadily decreased their overnight lending rate since the early 1990s, and slashed it to 0.25% due to a perceived emergency in Canada that wasn't necessary.
the fact that you made money in R/E in the past 10 years is dumb luck.
frankly a monkey with a plot of land anywhere in Canada would have done the same.
btw, i didn't mention anything about investing in the stock market.
both the R/E and stock markets are heading into bear territory.