Now as a grad student that had to teach first year economics, follow your thought—the central bank makes a very small amount of money (arguably its destroying money right now). The majority of money is made by private banks in the form of loans.

Now, if lower rates incentivize borrowing and private banks make most of the money via loans… hopefully you get the picture.

You must be kidding, Jon. The whole problem is rising housing prices. An affordability crisis. We need the rate hikes to finally POP the bubble and bring prices down. Anyone who over-leveraged themselves in the past few years when rates were low, should have thought twice before purchasing a sinking ship… Others who are financially responsible should not have to suffer because of the financially inprudent and reckless.

Not the house hoarders ;)? Surely, they deserve some blame.

It’s over, Johnny!

Blame the government for printing money and overseas aid.
The corporation has little to do with it. They too are dealing with price increases across the supply chain.

What else could renters sitting on cash hope for when Canada is in it’s largest bubble of all time.