Comments on: Canadian Mortgage Borrowers Are Seeking More Leverage With Fixed Rates https://betterdwelling.com/canadian-mortgage-borrowers-are-seeking-more-leverage-with-fixed-rates/ Canada’s Fastest Growing Real Estate News Source Fri, 26 May 2023 18:58:49 +0000 hourly 1 By: J https://betterdwelling.com/canadian-mortgage-borrowers-are-seeking-more-leverage-with-fixed-rates/#comment-90652 Fri, 26 May 2023 18:58:49 +0000 https://betterdwelling.com/?p=23422#comment-90652 Lol, over leveraged playing chicken with BoC? Who is taking out these loans in such an environment?

(Asking as a poor middle class worker drone saving for the downpayment goalpost)

]]> By: Agent bob https://betterdwelling.com/canadian-mortgage-borrowers-are-seeking-more-leverage-with-fixed-rates/#comment-90633 Thu, 25 May 2023 14:11:56 +0000 https://betterdwelling.com/?p=23422#comment-90633 The government should not allow amortizations of more than 25 years .
Having many mortgages now over 30 years automatically increases prices overall and hugely increases amount of interest payed.
Forever debt will be very troublesome for seniors without pensions and there are many.

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