17 Aug Canadians facing ‘increased borrowing power’ with real estate: study.
Original article via Toronto Sun. Click here to read.
Higher incomes and lower interest rates have allowed Canadians to take on larger mortgages during recent years, a new study found.
Those factors have also pushed the price of homes through the roof, according to the Fraser Institute report.
“Increased borrowing power — brought about by falling interest rates and rising incomes — is potentially the most overlooked and least understood factor influencing home prices across Canada,” said Niels Veldhuis, president of the Fraser Institute.