/u/Lotushope's posts in /r/CanadaHousing2
Hold your cash now, recession is inevitable and coming soon as history shows that after each cycle when Fed fund rate reaching the peak and starts to cut rate, recession always follows
66 upvotes
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In 2022, Pierre Poilievre asked CMHC's boss Romy Bowers a good question about the total dollar amount that the taxpayers on the hook, if people default on their mortgages in the coming future as interest rates increasing. There was no answer given but lots of 'point of orders"
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CMHC - Effective August 1st, a premium surcharge of 20 basis points will be applied to qualified first-time homebuyers opting for the increased amortization of 30 years.
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#REPORT: The Trudeau Liberals are planning giving permanent residency to temporary residents working in retail, landscaping, delivery services and a handful of other occupations.
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