Government rules around purchasing real estate are tightening, but the change comes as housing prices are expected to drop.
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Thats it, just keep squeezing Canadians out of the housing market
So when housing was overvalued, banks made loans easier and the cost of money cheap to help fuel the hype.
Now that values are going down to fair market, the banks find these smaller loans for the same asset more risky and therefore require tighter restrictions?
Because it’s all a racket
Nice video K4hH
CRASH!!!
The banks keeping all that money printing.
Banks don’t print money. It’s the job of central bank of Canada .
Can 1st time buyers still borrow from their rrsps?
Yes
Sad reality for 1st time buyers..
Chinese working for CCP in full action buying most of the real estate.
Turdeau’s dream! Only immigrants can afford to live in Canada.
We need to stop foreigner specifically China from buying up our real estate with there funny money as they are hurting our Canadian exporters.