The rates that used to run between 5 and 10 percent, however, now they are ludicrously low, simply to keep everything stimulated. One day these rates will rise, and what will that do?
In 2013, Ottawa pressured banks to pull low-rate mortgages. Here’s how Canadian mortgage regulation still blurs the line between free market and politics.
#Mortgage #FreeMarket #CanPoli #CanFin
The CBC had an interesting article on how Canada is Tiptoeing Towards a Subprime debacle similar to the United States (but not exactly the same). I was skeptical, but I was also unaware that there… Read More »Stupid Mortgages in Canada
Would you rather have a cheaper mortgage rate or free banking? This is an interesting quandary, but a cheaper mortgage rate seems to be a better choice.
Raising interest rates and introducing tighter rules for Mortgages in 2011 really slowed down the Real Estate world? No, they didn’t, interest rates dropped again, and the charlatans simply found other ways to get around the rules.
