NEW YORK (TheStreet) -- It has been painful to watch the housing turmoil in the last few years play out in the U.S. I know friends who have been terribly affected by it. After seeing the devastating impacts on the entire economy from this housing downturn, many market observers have pointed to China as a frothy real estate bubble that will likely pop soon. However, you might be surprised to learn that -- up until very recently -- there were bidding wars going on for homes in Canada.
Canadians have been proud that their banks have done well post-Lehman, unlike so many of their global peers. The banks have actively originated mortgages demanded by Canadians over the last year, but -- unlike U.S. banks during the housing boom -- for the most part, they've elected not to hold on to these mortgages. As quickly as they can, they pass along the mortgages to the Canada Housing and Mortgage Corporation. This is a crown corporation, meaning it's 100% owned by the federal Canadian government (i.e., the Canadian taxpayers). Loading Comments... 1 2 3 Last » Next ›SHARE:
Featured Photo Galleries Go to Slideshow ArchiveConnect with TheStreet
Dow Jones S&P 500 NASDAQ 10-Year Note 10,444.37 1,115.05 2,298.37 33.59 Oil * 73.66 DOWN 66.58 DOWN 5.75 DOWN 18.89 DOWN 0.17 10 Yr 3.36% SPDR Gold 116.63 -0.63% -0.51% -0.82% -0.50% Data delayed 20 minutes More From TheStreet & Around The Web var randnum = Math.floor(Math.random() * 100) if (randnum < 51) { document.write("TheStreet Ratings: Top Rated Stocks"); } else if (randnum > 51 && randnum < 75) { document.write("Cramer's Latest Picks from Mad Money"); } else { document.write("NEW: Earnings & Economic Calendar"); } var randnum = Math.floor(Math.random() * 100) if (randnum < 34) { document.write("TheStreet Dividend Calendar"); } else if (randnum > 34 && randnum < 67) { document.write("NEW: Earnings Call Transcripts"); } else { document.write("Expanded Coverage: Energy"); } var randnum = Math.floor(Math.random() * 100) if (randnum < 34) { document.write("ETF Research Center"); } else if (randnum > 34 && randnum < 67) { document.write("Top-rated ETFs from TheStreet Ratings"); } else { document.write("Top-rated Mutual Funds from TheStreet Ratings"); } Daily Beast: Must Reads From All Over the Web CEO Interviews and Videos from Fox Business Breaking news and analysis from FT.com Twitter Facebook RSS Mobile App adsonar_placementId=1341369;adsonar_pid=879768;adsonar_ps=-1;adsonar_zw=320;adsonar_zh=280;adsonar_jv='ads.adsonar.com'; Brokerage Partners YAHOO.util.Event.on(window,"load",function(){ setTimeout(function(){ TSCM.util.attachScript('scr_intellitxt','http://thestreet.us.intellitxt.com/intellitxt/front.asp?ipid=10685'); },1200); }); Sponsored Links var ads = [ { link:"http://www.entrepreneur.com/business-opportunities/index.html?cam=thestreet&cid=Homepagetextlink1109", text:"Be Your Own Boss and Start your Own Business Today!", trk:null }, { link:"http://ad.doubleclick.net/clk;222470237;4639705;g?http://www.dionmm.com/sl/py/sitets2.py?adsrc=201037", text:"Special Report: Don Dion's Ultimate Inflation Protection Guide", trk:null }, { link:"http://ad.doubleclick.net/clk;222470367;4639705;k?http://www.dionmm.com/sl/py/sitets2.py?adsrc=201038", text:"Protect Yourself from Inflation with Don Dion's Special Report", trk:null }, { link:"http://ad.doubleclick.net/clk;223806605;47528270;g?http://www.optionshouse.com/landing/stocks295/?partner=street&utm_source=street&utm_medium=paid-banner-ads&utm_campaign=textlinks&utm_content=bash-s295-text", text:"$2.95 Flat-Rate Stock Trades @ OptionsHouse.com. Save Now.", trk:'http://ad.doubleclick.net/ad/N6067.272508.7329112262621/B4413938.11;sz=1x1' }, { link:"http://ad.doubleclick.net/clk;223239025;46977159;p", text:"Trade free for 30 days at TD AMERITRADE.", trk:null }, { link:"http://ad.doubleclick.net/clk;223806605;47528270;g?http://www.optionshouse.com/landing/stocks295/?partner=street&utm_source=street&utm_medium=paid-banner-ads&utm_campaign=textlinks&utm_content=bash-s295-text", text:"Why Pay More? $2.95 Flat-Rate Stock Trades @ OptionsHouse.", trk:'http://ad.doubleclick.net/ad/N6067.272508.7329112262621/B4413938.11;sz=1x1' }, { link:"http://clk.atdmt.com/NYC/go/236925337/direct/01/", text:"Low cost and active management - T. Rowe Price mutual funds", trk:'http://view.atdmt.com/NYC/view/236925337/direct/01/' }, { link:"http://ad.doubleclick.net/clk;223830723;47553663;i", text:"Zurich HelpPoint Delivered. Better understand your company's risks.", trk:'http://ad.doubleclick.net/ad/N3867.TheStreet/B4417177.8;sz=1x1' }, { link:"http://ad.doubleclick.net/clk;222255324;45405692;b?http://www.realtor.com/?source=a28344", text:"4M listings. Comprehensive & current. Search now on Realtor.com", trk:null }, { link:"http://ad.doubleclick.net/clk;223804138;45405692;f?http://www.wisdomtree.com/bannerads/hedj/hedjlp.html?utm_source=TheStreet&utm_medium=banner&utm_content=hedjtextST&utm_campaign=hedj", text:"HEDJ: International Equity with Currency Hedged", trk:null }, { link:"http://ad.doubleclick.net/click;h=v2|3C75|0|0|%2a|r;220770099;0-0;0;44407284;31-1|1;35979936|35997814|1;;%3fhttps://us.etrade.com/e/t/jumppage/viewjumppage?PageName=power_et_for_active_traders_mvt&SC=S034301&ch_id=D&s_id=STRT&c_id=60DAYBT&o_id=60DAY", text:"Trade Free for 60 Days. E*TRADE Securities.", trk:'http://ad.doubleclick.net/imp;v1;f;220770099;0-0;0;44407284;1|1;35979936|35997814|1;;cs=r%3fhttp://ad.doubleclick.net/dot.gif?' }, { link:"http://ad.doubleclick.net/clk;223713956;47431952;m?http://www.optionsxpress.com/promos/virtualtrade.aspx?cmpid=tlSTRcopyA", text:"Practice No Risk Trading at optionsXpress", trk:null }, { link:"http://bs.serving-sys.com/BurstingPipe/adServer.bs?cn=tf&c=20&mc=click&pli=1465018&PluID=0&ord=%n", text:"CoreLogic: Business Info, Analytics & Outsourcing Leader.", trk:'http://bs.serving-sys.com/BurstingPipe/adServer.bs?cn=tf&c=19&mc=imp&pli=1465018&PluID=0&ord=%n&rtu=-1' }, { link:"http://ad.doubleclick.net/clk;220815082;44534915;c?http://www.lvcva.com/campaigns?src=4130", text:"Las Vegas is serious about business. VegasMeansBusiness.com.", trk:'http://ad.doubleclick.net/ad/N5664.272508.7284099241621/B4167122.6;sz=1x1' } ]; function __trackingpixel(url){ var ord = Math.floor(Math.random() * 100000000000); if(typeof url != "undefined") { if(url.indexOf('[timestamp]')!= -1) { url = url.replace("[timestamp]", ord); } return ""; } } var counter=-1; var limit = 3; function __write_textlink() { counter++; if(counter >= limit)return; var index = Math.floor(Math.random() * ads.length * 10 % ads.length); var it = ads.splice(index,1); var o = it[0]; document.write(''); document.write( o.text ); document.write( '' ); if(o.trk != null){ document.write(__trackingpixel(o.trk)); } if(ads.length > 0) { __write_textlink(); } else { } }; __write_textlink(); TheStreet Premium Services All Services Action Alerts PLUS Get free access to Cramer's portfolio picks at Action Alerts PLUS - Try it now Free RealMoney Jim Cramer's RealMoney team of 70+ Wall Street pros will give you wealth-building strategies - Get started Free RealMoney Silver Doug Kass + our 5 Premium Services - all in one place - Get a free 14-day trial today Stocks Under $10 David Peltier is ready to help you find affordable Stocks Under $10 which could lead to a big-money payoff - Get access to his portfolio FREE ETF Action Don Dion's brand new service can help investors at all levels build profitable ETF portfolios - Learn more document.write(unescape("%3Cscript src='" + (document.location.protocol == "https:" ? "https://sb" : "http://b") + ".scorecardresearch.com/beacon.js' %3E%3C/script%3E")); var beaconurl=""; if(TSC.util.isDefined(document)){ beaconurl=document.URL; try{ if (top.location != self.location){ beaconurl=document.referrer; } }catch(e){} } COMSCORE.beacon({ c1:2, c2:"6036014", c3:"", c4:beaconurl, c5:"", c6:"", c15:"" }); var pvar = { cid: "us-thestreet", content: "tsc", server: "secure-us" }; var trac = nol_t(pvar); trac.record().post(); View Directory Jim Cramer Doug Kass Market Movers Breakout Stocks Options Alerts Stock Under $10 RealMoney Don Dion's ETF Action Hot Topics: How to Invest in Gold - Fast Money - Motorola Droid - Cramer's Picks - Apple Tablet | Hot Blogs: Undergraduate Investor - Wall Street Social Resources About Us Advertise Corrections Customer Service Employment Investor Relations Make a Suggestion Privacy Policy Readers' Feedback Sitemap Video Sitemap Subscribe Terms of Use Financial News Archive Topic Archive TheStreet Premium Services Compare All Services Jim Cramer's Action Alerts PLUS: Now any level of investor can trade right alongside a Wall Street pro — and enjoy 24/7 access to his portfolio! Learn More Login NEW! Don Dion's ETF Action: A concise two-step strategy for learning and trading in this increasingly lucrative area of investing. For all levels of investors! Learn More Login RealMoney: Jim Cramer's team of 70+ investment pros offer a daily wealth of fast-breaking market news... analyses... red-hot opportunities...and wealth-building strategies. Learn More Login RealMoney Silver: The genius of Doug Kass + 5 Premium Services = an unrivaled group of expert fundamental analysts, technical analysts, and Wall Street observers. Learn More Login Breakout Stocks: Bryan Ashenberg combines sophisticated screening software with eagle-eye analysis to find small and mid-caps ready to break out! Learn More Login Market Movers Deep in the Money Calls Stocks Under $10 Top Gun Trader TheStreet Ratings Daily Swing Trade Top Stocks ETF Shark Alerts Options Alerts try { function DM_onSegsAvailable(segs, cust_id) { for(var i=0;i Find the Best: Mortgage Rates | CD Rates | Savings Rates | Personal Finance | Retirement | Saving | Budget | Stock Picks document.write('© 1996-2010 TheStreet.com, Inc. All rights reserved.TheStreet.com's enterprise databases running Oracle are professionally monitored and managed by Pythian Remote DBA.
Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions.
TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.
IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.
*Oil Data in Market Overview is Brent Crude Pricing
'); TSCM.ads.AdPlacerx.sz = "728x90"; TSCM.ads.AdPlacerx.resetTargets(); TSCM.ads.AdPlacerx.calltype = "adj"; TSCM.ads.AdPlacerx.includeDcopt = true; TSCM.ads.AdPlacerx.additionalTargeting = ";;storytype=opinion;kval=opinion"; TSCM.ads.AdPlacerx.writeTag(); TSCM.ads.AdPlacerx.sz = "336x280,336x850,300x250,468x648"; TSCM.ads.AdPlacerx.resetTargets(); TSCM.ads.AdPlacerx.calltype = "adj"; TSCM.ads.AdPlacerx.additionalTargeting = ";;storytype=opinion;kval=opinion;;storytype=opinion;kval=opinion"; TSCM.ads.AdPlacerx.writeTag(); /** * function wrapper that places all DART ads using TSCM.ads.positionToPlaceholder * if positionToPlaceholder can't find the elements specified, it just returns and is ready for the next call */ TSCM.ads.placeLazyLoadingAds = function() { // DART 1 (banner) TSCM.ads.positionToPlaceholder({ ad: 'ad728x90', placeholder: 'bannerContainer', flexibleHeight: false }); //DART 2 TSCM.ads.positionToPlaceholder({ ad: 'customUnit', placeholder: 'cauContainer', flexibleHeight: true }); //DART 3 TSCM.ads.positionToPlaceholder({ ad: 'boxAd', placeholder: 'boxAdContainer', flexibleHeight: true }); //DART 4 TSCM.ads.positionToPlaceholder({ ad: 'secondBoxAd', placeholder: 'secondBoxAdContainer', flexibleHeight: false }); }; TSCM.ads.placeLazyLoadingAds() window.setTimeout(function() { TSCM.ads.placeLazyLoadingAds() }, 2000); window.onresize = function() { setTimeout(function() { TSCM.ads.placeLazyLoadingAds(); }, 1000); }; BF_BB_DATA = null; (function( ){ document.write(''); var sid="76IOF7"; var c=""; var b=""; BF_BB_SCRIPT=document.createElement('script'); BF_BB_SCRIPT.type="text/javascript"; BF_BB_SRC="http://buzzbox.buzzfeed.com/wd/BuzzBox?sid=" + sid + c + b + '&it=1&cb=' + (new Date()).getTime(); setTimeout(function() { document.getElementById('BF_BUZZBOX').appendChild(BF_BB_SCRIPT); BF_BB_SCRIPT.src=BF_BB_SRC; },1); })();After the Bell
Before the Bell
Booyah! Newsletter
ETF Daily
Midday Bell
TSC Top Ten Stories Newsletter
Winners & Losers
TheStreet Mobile Edition
Connect with TheStreet
Read Full Article »