First-time homebuyers fear Ottawa’s new mortgage rules will drive up prices

Source: PmMeYourBeavertails

4 Comments

  1. I think thats the point unfortunately.

    The government doesn’t try to make things more affordable they try to make things more accessible.

  2. That is precisely the objective for this policy!

    Million dollar starter homes were not enough they want 1.5 million to be the standard. Let’s make the base of the pyramid wider and let the Ponzi scheme run wild.

    A perfect example of let’s do whatever it takes to kick the can further down the road and rob the poor and give to the rich.

  3. Keep in mind that you need a 20% down payment to get a 30 year mortgage. A very small amount of people have that 20% especially people who are currently renting seeing as rent is sky high.

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