Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post

Potty · 03-19-2010, 12:20 PM

http://www.scribd.com/doc/28454918/C...Housing-Bubble

Report prepared by a student about Canadian Housing. DISCLAIMER: It's not very balanced, but pulls a lot of interesting data together anyways.

Predicts bad things for overall market, but shows Calgary prices to be much more in line with historical norms than Vancouver, Toronto and Montreal (pg. 10 + 11)

I find the CMHC scorecard on page 24 pretty scary. 41.8% of mortgages insured by CMHC in 2008 were to rental or high-ratio homeowners.

Also, by the end of 2010, CMHC is on target to hold guarantees on over $500 billion in mortgage-backed securities, which taxpayers will be on the hook for if things go south. (pg. 25)

03-19-2010, 12:20 PM	#799
Potty Backup Goalie Join Date: Jan 2006 Exp:	http://www.scribd.com/doc/28454918/C...Housing-Bubble Report prepared by a student about Canadian Housing. DISCLAIMER: It's not very balanced, but pulls a lot of interesting data together anyways. Predicts bad things for overall market, but shows Calgary prices to be much more in line with historical norms than Vancouver, Toronto and Montreal (pg. 10 + 11) I find the CMHC scorecard on page 24 pretty scary. 41.8% of mortgages insured by CMHC in 2008 were to rental or high-ratio homeowners. Also, by the end of 2010, CMHC is on target to hold guarantees on over $500 billion in mortgage-backed securities, which taxpayers will be on the hook for if things go south. (pg. 25)