"When I bought a new condo in 2001, I negotiated a price of ~$271k, because with GST, that was the limit the CMHC would insure at the time with 10% down."

Ahab at vancouvercondo.info April 23rd, 2011 at 1:54 am- “When I bought a new condo in 2001, I negotiated a price of ~$271k, because with GST, that was the limit the CMHC would insure at the time with 10% down. I don’t know exactly when they went ‘no limit’, but I’m certain that is a major component of what has driven this market to such obscene levels.”