So the bank if Canada changes Money Can Not Buy Happiness But Horses Cann Shirt stresses test rules effectively making it more difficult for Canadians to buy their first house due to the risk of interest changes. With the intent that there will be fewer buyers in the market and prices will come down. The same shit is happening in the Netherlands. Entire neighborhoods are bought by developers and investment funds, while starters and families can’t buy anything unless they bid like 50k above what’s asked. BINGO! They don’t actually care about Canadians being able to own homes they just want to keep the GDP high, so now it’s harder for normal people to buy but easier than ever for big investors looking to exploit desperate people…
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Which is pretty much half the Money Can Not Buy Happiness But Horses Cann Shirt country right now. The rules for buying properties were pretty loose until a couple of years ago. Also, foreign investors were buying a ton of properties (not to mention local investors like in this article). Lastly, if you already had a property and luckily bought one rental property you lucked out. That way, as your property appreciated you could buy another one. But for a newcomer or a new family buying a house/kid in their 20s, you are basically screwed. Can’t get a decent townhouse for under $1M. I blame the government entirely.
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