Canadian banks are freaking out as homeowners are unable to cover the INTEREST. Some extending mortgages to 90 years!
Insanity.
The worst part. The banks know millions more Canadians will be hit will sky high mortgage interest rates in the coming YEAR making this a total disaster. A complete housing collapse.
Unbelievable.
All by design. You will own nothing.
The average home in Canada now costs $754,700 (per DollarWise)
h/t DMIX333