Insured mortgages are running at record highs across Canada, meaning that banks are still actively lending and approving residential real estate mortgages. These risk free loans backed by CMHC and the Federal Government are a way to continue to bolster our failing economy and keep Canadians borrowing and spending money. The exit of the CMBPP leaves long term collateral damages like double digit price growth and widens the wealth inequality gap between renters and asset holders even further. The BOC had a primary directive to stabilize the economy with the Bond Purchasing Program and stated the widening wealth gap is a by-product of this best policy approach. British Columbians have been living with uncertainty for over 2 years, and even when the threat of viral infection becomes a secondary consideration, fundamentally what we have lived through has changed us.
Tag Archives: real estate news
A test of resilience for long-standing BC markets
Is there still a middle class in our electric future?
Transformative Lifestyle Choices Spur 2020 Land Rush.
