my new $730k mortgage to invest is not cmhc insured.as he takes an insured mortgage that I am backstopping.if the goal of higher housing prices is to push the riff raff away from affording it, i'm all for it.
the less bums and vagrants we have the better.
think about it, it's a drain on our system. they don't contribute yet they consume. they are on social assistance.
they are takers, not givers.
the irony is hilarious.
because i had more than 20% down from my current principal residence equity.
my starter house was cmhc insured back in 2003.
no need for cmhc ever since.