Eaglelord17
Army.ca Veteran
- Reaction score
- 2,041
- Points
- 1,040
That is disgusting, basically going from a asset you will pay down and one day own outright, to a permanent ‘low interest’ credit card.Banks are already lending out 70-90 year mortgages.
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Many MPs have rental properties in major cities, so I doubt they'll allow a crash. The housing minister just bought another rental property in Ottawa.
Canada’s housing minister quietly buys another rental property
In housing minister Ahmed Hussen’s disclosure statements, he is now listed as the owner of two rental properties in Ottawa: one on Quest Private and another on Kijik Crescent. He appears to have acquired the second property on March 23, 2023, and has two mortgages with CIBC.tnc.news
The housing ministers job is to provide housing to Canadians, not a very good job he is doing...
I know its the big players who don’t want a collapse, they are the ones actively benefiting from the current crisis. Much like how the rich loved the great depression as if you had money you could get people to do so much for so little in that time period.
For the last 200 years in this country we had broken free of the historic serfdom which existed elsewhere in the world, where you (the average person) basically couldn’t own land because it was all owned by a lord. Seems like the goal at the moment is to go back to that state in time where the elites own the land and we all pay to live on it.