still the brokers claimimg tht the market will rise: woondering how long they will fool the people!
Seems the brokers getting strong backing from influential circles.

Wondering if the banks’ credit assessment teams verify the applicant’s income from CRA?

this proves that there is huge corruption in our so called “sound banking system”. Wodering what the OSFI and banks’ risk departments doing – incompetent or complacent behaviour?
The common canadians are paying the cost of this negligence.

Yes, reduce the interest rates for new home buyers to make it affordable for the middle class families earning less than$50K annually..
But the govt , CRA and BOC and OSFI should also rein in the investors, foreign buyers and mortgage brokers who took undue advantages of low interest rates.

Its govts responsibily to keep the home prices within reach of comon people.

The assets price bubble will promote rent seekers, which will lead to unproductive activities in the economy.
Its the time the govt puts a limit on the speculative investment buyers and also the Mortgage brokers , who, by way of unethical practices, promoting escalation of this speculative moves, despite the interest rate hikes by the BoC.

the governments debt levels are so high they need the interest rates to be suppressed.

Fed up of mainly middle-aged double dippers bragging that their homes are worth millions, while young people have to work harder just to afford the extortionate rents.

It’s because many politicians own investment real estate, relying on serfs to work dead-end jobs 44 hours a week to fund their retirement and investment portfolios.

Should you refuse to participate in this? Toronto Police are ready to kick you like an animal!

Canada is becoming no different than a third world country where the serfs have to pay high rents for the political elite.

On a serious note, we’d better not revel in the idea of a crash. It may very well come to that. A crash will provide us with another opportunity to point out that the market system is fundamentally anarchic and irrational. As useful as that may be, the level of destruction and damage to ordinary people’s lives will be horrible. There is no glee in that, unless you’re a misanthrope. The fat cats will walk away, as they did in 2007-2009 and its aftermath with their pockets full. And, those full pockets will help feed the next economic crisis.