‘We’re barely making it’: Eight Canadian stories reveal the pain of soaring mortgage costs
In July, 2020, Bank of Canada Governor Tiff Macklem assured Canadian households that borrowing rates were very low and would stay that way “for a very long time.”
And by all appearances, it looked like he would be right. The economy was in shambles amid widespread shutdowns and sky-high unemployment because of the COVID-19 pandemic. Many turned to government financial supports to afford basic necessities and keep businesses afloat. Inflation remained low.
Categories
Recent Posts
Canada's tallest skyscraper is now 100 storeys. This is the view from the SkyTower
Vancouver rental builders, facing slowing demand, say government support needed
Calgary townhouse by the river a buyer’s top pick
The houses you can buy for $680,000 across Canada, the Home of the Week and more top real estate stories
Mount Pleasant condo sells for less than price paid 19 months ago
Home of the Week: A ‘normal’ house that holds a few secrets
Jilted buyer returns with slightly modified bid to take Pickering house
Network looks to tap into philanthropy to boost funding for affordable housing
Prince Harry to speak at a Toronto real estate conference next month
Buyer trims price of condo a short stroll to Woodbine Beach
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "