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MikeMemberJune 14, 2022 at 9:06 am
I read somewhere, just can’t remember where, that 1 in 4 people who own homes in Ontario are over leveraged. If they are using a variable rate mortgage, they will be seriously struggling. People with large fixed rate mortgages will be crushed at renewal. If that is truly the case, many will be forced to sell and buy smaller, rent, move or become homeless. I was at a Meet Robyn Tea yesterday. 15 people in attendance. The only topic we were able to cover in 2 hours was housing and water. Nothing else was discussed….