Re:Canada plans brain drain of H-1B visa holders, with no-jo...
by lushdogg on Wednesday June 28, 2023 @02:47PM
(#36510764)
As someone who recently moved back to Canada I echo this.
This is an existential issue.
I own two houses, both mortgages paid, make 150k as a family and would need to save for decades to put a down payment on a detached home in a far away suburb of Ottawa.
People who didn't own a house a few years ago bought too much house for fear of being priced out of the market and now their mortgages are coming up for renewal...can't pay it so the banks are doing 50-90 year mortgages!!
This is an existential issue.
I own two houses, both mortgages paid, make 150k as a family and would need to save for decades to put a down payment on a detached home in a far away suburb of Ottawa.
People who didn't own a house a few years ago bought too much house for fear of being priced out of the market and now their mortgages are coming up for renewal...can't pay it so the banks are doing 50-90 year mortgages!!