Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Canadians 'drowning in debt': 47% will borrow to cover costs, survey says

burn_this_city · 11-04-2019, 10:09 AM

Central bankers know they can't raise rates without unwinding the inflated asset values. It would be a catastrophe for markets like Toronto and Vancouver. Many people have the majority of their net worth tied up in their homes.

11-04-2019, 10:09 AM	#799
burn_this_city Franchise Player Join Date: Mar 2007 Location: Calgary Exp:	Central bankers know they can't raise rates without unwinding the inflated asset values. It would be a catastrophe for markets like Toronto and Vancouver. Many people have the majority of their net worth tied up in their homes.