Replying to Avatar Kman

As an American I find it crazy in Canada there is no home mortgage 30 year fixed options. So many people are going to get rekt once their variable mortgage rates increase.
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Sikto 2y ago

You would be surprised what Canadians will do to make their mortgage payments. It’s the only asset that matters to the majority of people.

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Kman 2y ago

All that overseas money laundered through Canadian real estate sure isn't helping either.

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Wealth Theory 2y ago

More importantly what banks will do to help them. Already seeing amortizations being rolled out to 35 years to lower payments.

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Sikto 2y ago

Yep and people dont bother to calculate how much it’s adding to their principal. They only care about making the monthly payment.