Amen it was a Herculean task for me to file all my documents to buy a $350 house outside the city with over 20% down. It was as if they couldn’t believe I had a job and they also couldn’t believe I actually saved up the money.

Interest rates are rising and Fast US is on over drive and Bank of Canada will have to follow, prices will come down, therefore the banks are scared! Look at Australia same formula !!!
FAKE NEWS is fueled by the real estate industry.

Yes. Great article.

Pushing the mom and dad narrative is certainly entertaining pushing the blame on Canadians, but foreign funds continue to hold prices through the use of foreign market power so that the trillions already dumped by Chinese will not devalue. Keep pushing your narrative. Eventually, someone willl believe it.

It’s the discrimination. I purchased a home for wel over $1M last year and put down 50%. It took 3 months to prove all the garbage the top 5 bank required. At month 2.5 I asked the broker if I was Chinese off the business class sleeping cabin on Air Canada from Beijing would this have been easier. He said it would have been a one week process. In fact, he has seen students buy more expensive homes much faster. Racist Canadians. You punish your own and help the rest of the world.

That’s because most readers here are smart enough to know defaults are a lagging indicator. There’s literally dozens of articles here that covered default rates and lag.

I’m really not sure how a crappy plot turned into an “old people” thing. It’s a crappy plot. It’s crappy under any resizing, on my desktop and phone. I’m pretty sure I would have thought that at 16. Too hard to fix? Then take it out. It’s 20 vs 14. Their relative magnitudes don’t need an explanation, and don’t need a plot. Would you happily show your boss or client this data visualization?

Their charting software most likely does an auto-resizing, that’s “best for most” but not “best for all.” Try resizing the window and refreshing, it looks different at each breakpoint. I build data visualization projects for living, I know that correcting that “minor” looking issue would probably 8 hours of coding. But old people think websites cost $50 and kids can build apps in a weekend. 🙄

Can you Boomers go back to reading TV Guide and being hated by your kids?