@ronmortgageguy It’s called greed….. I’m guessing a very high percentage of these rental projects don’t meet the criteria set by CMHC, so what wil they do? Just move the goal posts
@ronmortgageguy Somebody needs to dig into CMHC insured loans, how many of these loans that they hand out like candy are terrible quality and upside down on all metrics
@staceybrotzel@CityofEdmonton The hilarious part is the city wants businesses to open downtown and then make it virtually impossible to survive with the never ending construction, crime and parking mess
@IAmClintMurphy $200k equity you could also be a millionaire just investing in the market and ETFs…. No lawyers, no tenants, no mortgage, no appraisers… and more liquid and flexibility…. But I hear ya, I’m a real estate lender ha ha