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Why banks are bracing for a mortgage renewal cliff | About That
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this post was submitted on 06 Jun 2024
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I think the generational angle is substantially over stated. Sure on a average the older generation is much more likely to own but there plenty that's getting hit real hard with the inflation brought on by housing prices.
It's much more accurate to frame it as the government sacrificing the have nots for the haves. In which case there's no waiting it out as long as a substantial part of Canadian is convinced high housing prices is a good thing.