this post was submitted on 07 Jul 2023
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Canadian banks need to take steps to assist mortgage holders who are struggling to stay above water after a rapid spike in interest rates, according to new guidelines issued Wednesday.

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[–] PenguinTD@lemmy.ca 1 points 2 years ago

there are loop holes for primary residency and they all know how to work around that. Because many legislators are landlords/business partners, they won't pass a law that shot themselves in the pocket.