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Tick tock, Canada: It’s time to pay more to pay back all that money you borrowed. To read more: http://cbc.ca/1.4200814

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Comments

  • Does this affect fixed home owners with fixed rate mortgages?

  • Young financial adviser at the bank told me you need to keep spending in order to get ahead since interest rates are so slow and inflation rates out pace any amount of debt you can pay and turn into savings.

  • I hope a lot of people loose their homes and this bubble pops !

  • Who can afford a "typical" mortgage of $$ 3/4 million ?

  • Bottom line — Canada is in serious trouble and is bankrupt like Venezuela.

  • They need to raise it more and pop this housing bubble sooner rather than later. GG to those who have debt tho.

  • HEY CANADA, REINSTATE THE BANK OF CANADA TO PRINT OUR MONEY INSTEAD OF BORROWING FIAT PRINTED MONEY FROM PRIVATE BANKING CARTEL CRIMINALS. PAYING INTEREST ON INTEREST THAT WE CAN NEVER PAY BACK. DEBT SLAVES FOR LIVE. WAKE UP CANADA, TIME TO REINSTATE OUR BANK OF CANADA. THAT WILL SOLVE OUR PROBLEMS FAST… but most people are asleep and don't know how the money system works. 800 BILLION IN UNNECESSARY DEBT AND COUNTING… IF NOT US THEN WHO?

  • STOP DISABLING COMMENTS!! you tax payer funded thieves! Who do you parasites think you are to try silence Canadians when THEY are the ones paying your inflated salaries? Nothing but Leftist Lunatic parasites promoting censorship! You WILL be held accountable for your anti-Canadian values! Spoiled CBC brats should be digging ditches and not living the life of luxury via tax payer money stolen from their earnings.

  • well, we in the Liberal government expect you to be able spend more liberally (so we can spend even more wrecklessly). If you can't … well use your credit card and just pay the minimums each month (so my rich buddies in the banking sector can get richer off you).

  • The lesson is, don't borrow the maximum amount. Our family have a mortgage payment that we can pay even if it went up by another 2000 dollars. Instead of buying a very expensive house, we put monthly saving into paying off the principle interest-free, shortening the repayment period by at least 10 years.

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