https://betterdwelling.com/from-4-billion-to-canadian-insurer-stops-disclosing-underwater-mortgages/ Canada’s Fastest Growing Real Estate News Source Fri, 08 Sep 2023 15:37:05 +0000 hourly 1 https://betterdwelling.com/from-4-billion-to-canadian-insurer-stops-disclosing-underwater-mortgages/#comment-91965 Fri, 08 Sep 2023 15:37:05 +0000 https://betterdwelling.com/?p=23896#comment-91965 LOL are we going to make Enron look like angels?

]]> https://betterdwelling.com/from-4-billion-to-canadian-insurer-stops-disclosing-underwater-mortgages/#comment-91826 Wed, 30 Aug 2023 20:19:55 +0000 https://betterdwelling.com/?p=23896#comment-91826 The low vacancy rates coupled with record-high rent prices could mean that the housing market is getting an artificial cushion from the rental market. As long as the mortgage payment is less than the rent, and the taxes and utilities can be paid, underwater borrowers will slog it out in their current home for years to come. However this could become as massive drag on the overall economy as consumer spending dries up in the interest of just having a place to live. Not exactly what home ownership was meant to be…!

]]>