Someone’s 1 year of mortgage payments. $1603 principal paid. $74,328 interests paid 🏡

It’s a Canadian variable rate home loan after a mortgage extension (extended to 63 years).

Basically renting your house and never really owning it.

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Some rich guy. 1.2 million CAD. What is the average home price? About half that?

Unfortunately, that's the average price of a decent house in Canada. #housingcrisis

Mortgages are a great way to plunge most of the country in indebted servitude.