I’m surprised we’ve seen basically nothing from provincial or federal governments to improve housing/rental affordability. With riding interest rates, I was expecting at least a slump, but that hasn’t happened. Instead, we’ve seen amortizations grow rapidly.
The Office of the Superintendent of Financial Institutions has recommended
Removing the ability to extend amortization periods could exert downward pressure on some house prices, as it reduces the options available to help some borrowers meet their financial obligation
But (AFAIU) Parliament has ignored the recommendation. It’s a really shitty situation, that I don’t see a way out of.
Really? The one party only stopped beating that drum to pieces so it could shriek about the inquiry.
Let the inquiry thing dry up as the nothingburger the inquiry itself is, and they’ll pick up the “only we the aristocrats can properly solve the housing crisis via our secret plan we don’t want to disclose today” drum and resume beating that one to bits.