User: Brian Ripley: CAD Real Estate: Picture

Low interest rates have not allowed most people to qualify for uninsured "conventional" mortgages at the best rates with 20-25% down payment and a 32% gross debt service ratio because prices are at fundamental bubble levels and the thinning number of buyers who believe prices will not correct deeply are still willing to take on high ratio debt insured by Canadian tax payers. More at www.chpc.biz