Media Roundup - May 9th

Media Roundup

Canadian construction declines in March

New transit lines will drive house prices

Past condo sales shore up sagging housing starts

Developers decry 'alarming' fees for new condos, houses

Podcast: Are condos the answer, or a recipe for disaster?

Forest Hill mansion sells for $2M over asking price

Almost 39% would own condos purely as an investment: poll

Economy shows further signs of cooling

Is there a rocky road ahead?

Addicted to that Toronto real estate porn

In some neighbourhoods, Toronto's real estate market is as hot as ever

Comments

[Rob M]

John you forgot this little tidbit :
http://www.thestar.com/Article/422277

If you read between the lines especially...

"... The longer amortizations and the 100 per cent loan-to-value products have been relatively popular," Vukanovich said.

But what if Canada's economy flattens out? How will this affect highly leveraged buyers?

It's not only CMHC, Genworth and other mortgage insurers on the hook if there's a rash of defaults.

Taxpayers will also be liable for losses.

Few people know that Ottawa guarantees 100 per cent of CMHC-insured mortgages and 90 per cent of privately insured mortgages (up to $200 billion).

Because of the federal guarantee, mortgage insurers don't have to carry capital on their books to match their potential risks.

In recent months, the finance department has been holding secret talks with mortgage industry players. "

[John Pasalis]

Thanks for the tip Rob. We missed that article. I added it to the post.