Real Estate Cost of Living 🇨🇦
Geez, Paul. This is in B.C.? Or does it vary from province to province? Bank to bank?
And I thought the prime here (5.5% Fed discount currently) was bad. But the Fed in the States adjusts sporadically. The BoC does it 8 times a year? Is the consumer warned in advance which way they'll go?
There are so many layers to the housing crisis in BC and the images you added to your article sum it up perfectly!
An Infinity length mortgage = https://www.ctvnews.ca/business/is-an-infinity-mortgage-really-infinite-experts-say-probably-not-but-it-s-not-good-1.6523934#:~:text=%22When%20the%20interest%20is%20more,amortization%20periods%20stretch%20this%20year.