RE:RE:RE:RE:RE:He wouldn't touch it with a ten foot pole!
not true at all-
US real estate prices rose unabated- despite the warning signs, no one did anything to stop the rise in real estate- and in fact the MBS and credit derivatives markets exploded. the bankers and Wall street made out like literaly bandits and everyone turned a blind eye selling the literal dog doo doo across the world. sub primes were about 40 % of the mortgage market
Canada \s mtge industryis far more regulated and is not the same size, nor or sub primes as per centage of the overall market by a large percentage.
canadian government has acted to slow things down in both Ontario, BC and at the federal level.
Short term dips, like the one experienced in BC were overcome, and the short term dip that you keep calling a crash, will be overcome.
Today's latest news is that all delinquincies across all types of credit are down, not just in mortgages. Just a reflection of a robust healthy economy. Not a harbinger of a crash... you are too early to the party Mr chicken little. the sky is not falling.