Scheer doesn't care about risky mortgages. Doing away with mortgage stress

[applegrove]

tests. I guess he is jealous of the US Subprime Mortgage crisis which canada avoided with sober mortgage policies.


https://www.cbc.ca/news/politics/scheer-housing-mortgages-1.5293794

[Fiendish Thingy]

1. He is touting affordable housing meaning buyers being able to afford more debt,

Rather than lower prices. Harper did the same thing, and prices exploded, as did household debt.

[applegrove]

2. House prices are up. I know the people across the street and a semi detached

house on a nearby my street have gone air b&b. Can't quite figure out exactly what that means for first time home buyers but it can't be good.

[Fiendish Thingy]

3. Prices here in BC have been slowly dropping, as sales have dropped like a rock

They've been taxing empty homes here, impacting the market a bit.

[applegrove]

4. Yes. They had to do something to stop the speculation in vancouver. Good

that prices are falling.