Grappling7155@lemmy.ca to Canada Housing@lemmy.caEnglish · 1 year agoAs housing costs soar, some financial analysts advise to scrap the 30% rulewww.cbc.caexternal-linkmessage-square2fedilinkarrow-up11arrow-down10file-text
arrow-up11arrow-down1external-linkAs housing costs soar, some financial analysts advise to scrap the 30% rulewww.cbc.caGrappling7155@lemmy.ca to Canada Housing@lemmy.caEnglish · 1 year agomessage-square2fedilinkfile-text
‘The benchmark doesn’t apply anymore,’ says financial advisor Bruce Sellery (Maryse Zeidler/CBC News)
minus-squarecorsicanguppy@lemmy.calinkfedilinkEnglisharrow-up2·1 year ago“Our benchmark says that people can’t afford housing. Let’s change the benchmark, then, so more people who couldn’t qualify before can now get a loan.” That won’t add risk. No way.
“Our benchmark says that people can’t afford housing. Let’s change the benchmark, then, so more people who couldn’t qualify before can now get a loan.”
That won’t add risk. No way.