@ronmortgageguy Home prices have to come down. Only higher rates will do that. 5% is a normal rate look throughout history. The reason Canadians started borrowing so much is because housing costs are insanely high. Or did we all stop believing in gravity.
@StephenPunwasi This is an incredibly well but together synapses of our mis handled immigration policy. It detriments everyone except a select few. Also highlights the massive problem with lobbying
@JonFlynnREstats @MelanineT45 Gets even worse when you level up financial acumen and consider cost of capital in the equation. Add another 5% on what ever money is tied up in the house.