/biz/ - Business & Finance

Canada's Housing Market = RIP Anonymous Thu Jun 16 23:36:03 2022 No.49727218 [View]
File: 364 KB, 537x903, Canada_is_Fucked.png [View same] [iqdb] [saucenao] [google]

RIP the Canadian Housing market.

Homes that were around 1.5 Million are going to be listed for 500k. People are BEGGING for their houser to be bought.

People who took out variable-rate mortgages are going to be fucked by the BOC raising interest rates like erections at an orgy.

Imagine taking out a variable rate at 0.50% and not thinking your rate will go any higher anytime soon.

The Canadian housing market didn't crash in '08, it only got worse.

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