Canada Has Never Seen Real Mortgage Rates This Low and It Is Fueling The Bubble


Image by: pixabay

Canada’s real estate industry is sounding the alarms on higher rates, warning it’ll “punish” buyers. However, these folks are blissfully unaware that mortgage costs are near record lows. In real terms, households have never had access to mortgages this cheap, which is part of the problem. Central banks distorted credit markets to the point mortgages are free money and leverage for investors. Surprising no one, investors took the cash and inflated home prices to a record high.

Continue to read on: BETTER DWELLING