@ronmortgageguy@GoldAlexander Yup. No other way. Kid makes good money but unfortunately like youβve been saying. House prices to income is astronomical
@GoldAlexander definitely feel for good people who are getting sandbagged by higher rates after being to told rates would be low for long. Also thrilled my kid will be out of my house even if it cost me some scratch
@liberal_party Lol ya minimum wage jobs for immigrants because your corporate friends need to keep those wages low to pads their margins. Guess who's facilitating that?
@ronmortgageguy@GoldAlexander Im honestly happy about that. Because the BOC cooled the market by stepping back in, my son finally bought a SFD last month and didn't lose a bidding war because there wasn't one. Of course i still had to give him 200k to do it.
@ColinDMello As was the case with the liberals handing out generous contracts for solar and wind, the whole point of these bad investments is to enrich there friends and insiders. Look and see who sets up companies that stand to profit and the people they hire.
@CDInewsletter They paused in Jan to assess. They housing as well as the economy took off to the races while not making a dent in the labour market. They donβt want that to happen again. Core inflation has stopped disinflating and headline will see less favourable comps going forward
@stephenfgordon ya you are leaving out the part where Macklem explicitly said rates we be low for a very long time thus fuelling a debt binge like never before. Oh and the fact he completely misjudged inflation and kept policy to loose for so long embedding inflation.