TL;DR:
Soooo how do we sell more debt-err I mean mortgages?
Lets virtue signal that we all need to "do better".
Demand c̶o̶m̶m̶u̶n̶i̶s̶m̶s ̶b̶e̶ ̶i̶n̶s̶t̶a̶l̶l̶e̶d̶ ̶ stakeholders breakthrough political challenges.
Like fine Canadian tradition we demand the government pay for it all.
Yep. And the banks won't give you a loan on land either. Millions of vacant acres where I live and you can't buy any of it, but foreign owned logging companies are allowed to come in and rape it to sell the raw logs to Asia.....the game is rigged so that the average guy can't get too far ahead.
You probably could. I got a mortgage in 2017 at 3.29% if I get one today at 2% I can afford a loan 15% higher. If you bought a 1m home in 2017 with 20% down, and you sold it today for 2m you would have 1.2m in equity and could buy a house for 2.12m. If you sold for 1.5 you could buy a house for 1.62m.
TL;DR: Soooo how do we sell more debt-err I mean mortgages? Lets virtue signal that we all need to "do better". Demand c̶o̶m̶m̶u̶n̶i̶s̶m̶s ̶b̶e̶ ̶i̶n̶s̶t̶a̶l̶l̶e̶d̶ ̶ stakeholders breakthrough political challenges. Like fine Canadian tradition we demand the government pay for it all.
Population replacement.
Yep. And the banks won't give you a loan on land either. Millions of vacant acres where I live and you can't buy any of it, but foreign owned logging companies are allowed to come in and rape it to sell the raw logs to Asia.....the game is rigged so that the average guy can't get too far ahead.
southern ontario here.....1.5 hours from GTA
bought in 2007 for 245K.......could get 900K today
shit is fucked
You probably could. I got a mortgage in 2017 at 3.29% if I get one today at 2% I can afford a loan 15% higher. If you bought a 1m home in 2017 with 20% down, and you sold it today for 2m you would have 1.2m in equity and could buy a house for 2.12m. If you sold for 1.5 you could buy a house for 1.62m.
that's what happens when you import "Yahoos" from africa,asia and the middle east and expect them to contribute to Canadian society..