Quote:
Originally Posted by Nancy
In 2007, I believe Calgary (or Alberta) net-lost people to other provinces but made up for it with international immigrants. In 2008, I'd be suprised if we were any more than flat across the board. For 2009, I bet we'll see a decline as people lose their jobs and move back home.
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Alberta had a net population increase of 56,000 for 2008, 2009 is projected to be 51,000. EDIT: Calgary grew by 28,000 in 2007.
Quote:
Originally Posted by Claeren
1) I have read (In the Financial Post) that at the height of the boom 70% of first time Canadian buyers were using 40 year/0 down mortgages.
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What percentage of that was total home purchases? What percentage of that was people that could not afford to buy if there wasn't a 40 year/0 down option? Without those numbers the stat doesn't have much meaning.
There's very little sub-prime mortgages in Canada. A 40 year / 0 down mortgage to a qualified borrower still accounting for their debt servicing ratio, credit history, ability to pay is VASTLY different than lending a mortgage that GREW over time rather than being paid down to a borrower with no credit history and little income.
Subprime refers to the borrower, not the mortgage.