It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
The people in this group are being told by the real estate agents that the interest rates are low and will remain low until US starts raising them and then Canada will follow I have had clients tell me that their real estate agent and brokerages are telling them that there is treaty between US and Canada in 2008 that the rates cannot be increased independently. I was stunned and when I told the couple that is a lie they did not believe me, after all I only work for the people ( real estate agents, Lawyers, underwriters and mortgage brokers)
And the most fearful part of all this is that there is no way to verify income.
Canada’s Pacific metropolis nudged out glamourous New York and pricey Los Angeles to claim the top spot on continent, according to the Economist Magazine Worldwide Cost of Living Survey released yesterday.
Ironically, Vancouverites can consider moving to the Big Apple to save money.
Get out of your mortgage now and just rent for the next several years till it all collapses.
That's how the states got into their housing mess. Scary stuff ahead for some.