My friend is a realtor and he told me that most people use a private lender instead of commercial banks to avoid new mortgage regulations. This is just insane but we can't blame them because our leaders failed to prevent that bubble from hapenning. These people just need a shelter to live in but they can't afford it no more.
RE: Why 2018 Could Be the Year Canada Crashes! We Just Hit the BREAKING POINT for Debt!
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Why 2018 Could Be the Year Canada Crashes! We Just Hit the BREAKING POINT for Debt!
Good point. People literally can't go anywhere outside of the dangerous areas that are affordable.
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