The proposed federal government system would provide mortgage lenders and insurers the option to quickly verify an applicant’s income with the CRA, eliminating the need for paperwork.
Because as interest rates rise this was really holding young families back. /s
We need cheap houses not debt traps. Canada’s boomers benefited from post war government building of homes. Now, we get gas lighting and debt.
Seems like a good change. I imagine there is more than one thing going on in the whole housing portfolio.
Canada’s boomers benefited from post war government building of homes.
They did. They also benefited from cheap labour and construction inputs, which are no longer a thing.
The federal and provincial governments should get back into building, but we also need to find a way to build cheaper.
You can afford gas lighting? /s or is it
In this economy?