2026-10-16 20:58 UTC
The average first-time home buyer in Canada is around 40 these days, about 25 years from retirement age. You might not qualify for a bank mortgage with terms longer than that since you're not expected to have an income after retirement
House prices need to go down
Replies (3)
-
@RueNahcMohr@infosec.exchange 2026-10-16 21:32
@mdc@mstdn.ca AND mortgages need a reset 1) Less interest. The interest rates of a mortgage DOUBLES the cost of a home, thats scalping. 2) Lower entry. I need $1M cash to qualify? Thats abuse. Anyone who is paying MORE than the monthly mortgage feed in RENT needs to qualify for the mortgage. srsly. WTF.
-
@RueNahcMohr@infosec.exchange 2026-10-16 21:34
@mdc@mstdn.ca and you know what NOT everyone is going to go out and buy a home if they COULD, some peoples lives are better suited, and they prefer to rent. Corporations should not be allowed to eat up housing like they are.
-
@RueNahcMohr@infosec.exchange 2026-10-16 21:34
@mdc@mstdn.ca