Federal Government Boosts Demand to Keep Housing Bubble Alive

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=Az4h_LxuQLs

CPI inflation fell to 2% in Canada for the first time in several years. The Bank of Canada is still worried about shelter inflation. Out of the blue the Liberal government announced they are increasing the price cap on CMHC insured mortgages. Buyers will now be able to purchase up to $1.5M home. Once you factor in insurance costs buyers will be sitting at 98% LTV on a $1.5M purchase. This is demand side stimulus. • Subscribe To My Channel For More Videos Like This One: / @saretsky . • Listen to The Loonie Hour on your favourite podcast platform: • The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d... • The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast... • #CanadianRealEstate #VancouverRealEstate #Macroeconomics

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