While no-one typically checks on this (until renewal time), you would technically be in violation of your financing covenants.Another thing, your real estate agent may not have mentioned is that you are only eligible for one CMHC (or private) high-ration insured financing at a time.  

If you think population will expand and can analyze that data to rationalize it, I say go for it.My buddy made a joke that if a town had a starbucks it was going places, but I think there are more things to analyze.

@Michael P.Instead of looking for holes in that plan I think it would save time to look for the rational, well thought out parts...Hold on still looking.....Still looking.....Yeah I’ve got nothing.If the market crashes that bad and real estate values get more than cut in half your best bet is probably bitcoin.Good luck predicting Armageddon

If you don't have positive cash flow, then you're just using interest rates to rationalize the end result.How much out of pocket cash will you have put in (total...from the beginning) if you refi?

Are my fears rational?

Hello Everyone,
I have a question,I am going purchase a single family home in Florida in about one week around august 15th,on the eventuality that I resale it and have it sold 2 months after,So I had possession of th...

Way, WAY ahead of their normal, rational 2007 brain functions... since they thought at the time prices always go up.

I'm flipping in the Tampa area and my rational was that it'll save me money on my first flip.

Focusing on the timeline will cause you to accept a poor deal (and rationalize it as a good one) as you get closer to your 90 days...without a deal yet. 

If there were 100 dog owners (of which I am one, and have been for years...along with many in my family), all having the same breed of dog, and 75% of them bit someone and caused great harm, the 75% would never buy that dog again...and warn other about it.The 25% would rationalize that because their dog didn't bite anyone, that that breed was perfectly safe...and the other 75% were wrong, and probably dog haters.