Real Estate Professional forum is the place for positive industry interaction and welcomes your professional and informed opinion.

How much mortgage debt are your clients taking on?

Notify me of new replies via email
Real Estate Professional | 06 Feb 2015, 09:37 AM Agree 0
Canadians are increasingly taking on more debt to afford larger and more expensive homes, but in which province are homeowners particularly indebted?
  • Don | 06 Feb 2015, 09:49 PM Agree 0
    The Governments and banks preach fiscal responsibility yet practice a ponzi form of financial management themselves and in order to do this have made consumer interest rates almost irresistibly low. In the meantime Canadian Federal "per capita' debt is now +- $20K and the U.S. a staggering $56K and that does not factor provincial or state debt.
    If we, in North America, do not get our Govts. to legislate banking fiscal "Honesty" when this low interest rate bubble bursts we could see the end of the middle class as we know it.
    In the meantime we eat, drink and borrow for tomorrow - ???????
Post a reply