Canadians Are More Indebted; Low Rates Did Not Improve Real Estate Affordability: BoC - Better Dwelling
After decades of telling the public that low rates make housing affordable, Canada’s central bank is declaring, whoops! Bank of Canada (BoC) research shows decades of low rates did not make housing affordable. In fact, it had the opposite effect — increasing the size of mortgage debt. Real estate markets absorbed the increased debt capacity […]| Better Dwelling
