Author Archives: Danielle Park

As interest rates soared above six percent over the last seventeen months, four of the big five Canadian banks have allowed floating-rate customers to extend and pretend by making the same mortgage payments as when floating rates were sub-2%. This … Continue reading →

About seventy percent of Canadian mortgages were taken out over the last few years with a 5-year fixed term and an ultra-low interest rate that averaged 2.79%. In 2020-2021, some 40% were taken at floating rates that averaged 1.65%. Floating … Continue reading →

Canada’s housing bubble is crystal clear unless you are paid not to see it (wilfully blind) or painfully naive. The average national home price of 754K in July is ten times the average household income of $75k. The historically recognized … Continue reading →