reply to frustrated westcoast100
If your house goes down 5 or 8% in value, do you sell? Nope, need a place to live, right? I note your auto has dropped 20% in value since you bought it, are you now taking transit, Buckley? Nope, again. Mortgagors typically have to do min. 20% D.Payment plus there is Mortgage Insurance against default here in Canada. Defaults with HCG are so tiny, less than one percent of HCG's portfolio (no worse than Big Bank Fellers), maybe time for you to read their prospectuses, Buckley.
State-side, after the "easy money" (fostered by time-to-stay retired and shut-your mouth Alan Greenspan), the Lenders are now also finally getting 20% min. down payment on homes.
I have just added to my position for HCG, expecting a dynamo Earnings report for end October.