RE: RE: tell your kids.Hey marp - as I just got done pointing out on the BNS thread to thebluenote (SH missed a bit of dust on their housecleaning), "sub-prime" is not the same as "CMHC-insured". I agree that 40 yr amorts and zero down payments were bad ideas, but for the consumer...not the lender. CMHC's approval guidelines for people taking out longer amorts and with no downpayment were even tighter than for other mortgages, so I'm not too worried about the quality of the borrower...I just think that those changes were designed to make the banks even more $$$ off the consumers' backs. I'm happy they've been rolled back. But those mortgages weren't "sub-prime"...they may have been crappy, but they weren't being given to slugs with brutal credit, low income, etc. The article that bluenote posted even went as far as to say ALL CMHC mortgages are sub-prime!! Heh heh. Someone with A, B, or even C credit, good income, etc. with a 10% downpayment is NOT the same as the NINJA loan garbage we saw in the US. Not even close.