10:00 PMPassionate Eye - Mortgage Meltdown Investigates the crisis in the mortgage market that's rocking the world's economy. Will it hit us?

we are looking at buying a winter home in arizona right now, well not right now but over t he winter

tune into cbcnewsworld find the tv channel for your area and watch this... might be insightful for you.... it airs @10 PM, shaw its #26 as far as I know....

cheers

THANKS. bUT LETS BE CLEAR, EVENTS HAVE MOVED PAST THIS REPLAYED DOCUMENTARY.

We are all subprime now. In the US another bigger bubble is about to splat- Alt A primes.

We are joined at the hip, why would we be exempt?

Because we signed treaties? Like Softwood lumber?

We have no walls around us today and are in th exposure loop so that that the economical virus wil stimulate our own defensive antibodies and respond. This forces my changes and so the mechanism of Economic Natural Selection works to destroy the faulty models and reward the ones that have adapted.

To even think that should be isolated from the refiner's fire of econopmic hard times and therefore evolution is nuts.

The doc is pretty good! Thanks

I saw that program too. The original air date was sometime last year. That was a long time ago.

Sub prime there none here.

In essence Mr. Bud, you have it nailed.

What a halfwitted take on the situation
Are you autistic

not called sub-prime here... however, 0 down @ 40 years in a dropping market....... and also here we have TONS of mortgage brokers who DON'T care who they sign up for a low rate mortgage.... just wait ............

yes how true, however, answer this..... is canada in a recession as of today? or are all things rosy? and you think that BC is going to walk away unscathed from this (meaning the dropping houseing prices and high lots on the market)? and lets add into the equation that BC is losing jobs.....

food for thought

No
Sub prime equals 1-3 years @ bank prime minus a discount 1 or 2 % then you are still locked in with the same provider at bank prime plus some.
40 year amortization equals the principal divided over 40 years @ what ever rate you can get. Banks and CU's decide who they lend to not the brokers

No we never had sub-prime mortgages here, but many investments have them as "asset backed security" and they are going to loss their money! The banks have already had to do many write-downs.

News: Apple Mac OS X Code Name Snow Leopard
Mesothelioma Information
Canada Immigration