http://www.stjohnsrealestateonline.com/what-is-a-subprime-mortgage/ St. John's Newfoundland Real Estate Blog and Market Info Thu, 11 Mar 2010 23:45:00 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.stjohnsrealestateonline.com/what-is-a-subprime-mortgage/comment-page-1/#comment-37 Marg Scheben-Edey Wed, 30 Jan 2008 20:17:54 +0000 http://www.stjohnsrealestateonline.com/what-is-a-subprime-mortgage/#comment-37 I had an interesting conversation yesterday with a commercial Broker in Toronto who commented that the sub-prime situation has caused more of an impact in the commercial market in Canada then in the residential market. He said because "cheap money" is what drives investors looking for attractive cap rates and ROI's and now, that "cheap miney" has dried up for the time being. I thought that was an interesting perspective. I had an interesting conversation yesterday with a commercial Broker in Toronto who commented that the sub-prime situation has caused more of an impact in the commercial market in Canada then in the residential market. He said because “cheap money” is what drives investors looking for attractive cap rates and ROI’s and now, that “cheap miney” has dried up for the time being. I thought that was an interesting perspective.

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