Quote:
Originally Posted by chemgear
^ Yeah, the wording in my post was pretty terrible - went back and cleaned it up a little.  |
Still doesn't make sense.
If you look at CMHC's 2011 2nd quarter report
72% of CMHC portfolio was less than 80% LTV
19% was between 80-90%
7% was between 90-95%
2% was greater than 95%.
EDIT: Nevermind, I think I follow you now. Still think there's something odd about the graph though. All the people selling their houses to the knobs buying in 07 (me included) had to move somewhere with all that equity. Unless they spent it all on boats, but I don't see every second house in Calgary with a boat, and if everyone was doing that the above stats wouldn't exist.