this post was submitted on 07 Jul 2023
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[–] EhForumUser@lemmy.ca 2 points 1 year ago (1 children)

without considering the possibility that interest rates would go up

More likely they did consider it, but when the BoC explicitly stated that they would not raise rates...

[–] phx@lemmy.ca 3 points 1 year ago

And the cost of renting was actually exceeding the mortgages, sometimes considerably, and for less quality